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What Is an Index Annuity? Index annuities–also known as indexed annuities–are a hybrid investment and insurance product that offers investment returns based on a market index, such as the S&P 500.
An indexed annuity (the word equity previously tied to indexed annuities has been removed to help prevent the assumption of stock market investing being present in these products) in the United States is a type of tax-deferred annuity whose credited interest is linked to an equity index—typically the S&P 500 or international index.
Indexed annuity. An indexed annuity offers a return based on a market index, like the S&P 500. An indexed annuity provides principal protection and may offer a guaranteed minimum interest rate ...
Each annuity is a contract between you and an insurance company: You provide the company money now, and they promise to pay you a steady income later, potentially for the rest of your life.
The main purpose of an annuity is to remove longevity risk for retirees, meaning you don’t have to worry about outliving your retirement savings. This is an especially important consideration ...
Indexed annuity: An indexed annuity works by paying a rate of interest based on a particular market index. They allow you to benefit when the financial markets perform well which, though more ...
Voya Financial is an American financial, retirement, investment and insurance company based in New York City.Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. [2]
Money invested in an annuity grows tax-deferred, meaning you’re taxed upon withdrawal or when payments begin. ... An indexed annuity tracks an index like the S&P 500 and offers a capped return ...