With Fixed Indexed Annuities, premiums are tied to an index and credited in a similar fashion to IULs. As with IULs, Fixed Indexed Annuities offer principal protection and a death benefit, with the possibility for gains contingent upon market performance.
- A type of tax-deferred insurance product
- Can be structured to provide income for life, acting as another resource for retirement income
- Provides protection from market decline with a guaranteed floor