a unique annuity that offers characteristics of both a fixed and a variable annuity
A form of annuity whose value is link to an index, generally the S&P 500. It also provides a guaranteed minimum to protect against market risk. Are you looking for help finding good annuity rates? Click here to get up to five competitive annuity rates from agents in your hometown.
An annuity with payout based on a market index, also known as an indexed annuity.
Non-traditional fixed annuity. The specified rate of interest guarantees a fixed minimum rate of interest like traditional fixed annuities. At the same time, additional interest may be credited to policy values based upon positive changes, if any, in an established index such as the S&P 500. The amount of additional interest depends upon the particular design of the policy. They are sold by licensed insurance agents and regulated by state insurance departments.
An annuity whose returns are based upon the performance of an equity market index, such as the S&P 500, DJIA, or NASDAQ. The principal investment is protected from losses in the equity market, while gains add to the annuity's returns.