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The company sold more fixed index annuities than any other provider in 2023, with over $1.1 billion in sales, according to a ranking by LIMRA, the largest life insurance trade association in the U.S.
Annuities provide tax-deferred retirement income. Learn how they work, the pros and cons, and whether an annuity fits your retirement plan. The Pros and Cons of Buying an Annuity For Retirement
Indexed annuities often include a minimum guaranteed return to mitigate market losses but carry higher fees than fixed annuities. Annuities are also categorized by when the payout occurs.
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 annuities are a type of fixed annuity which are regulated and distributed in the same manner as fixed annuities (through licensed insurance agents). Indexed annuities are a conservative safe money place for retirement dollars. [4] Indexed annuities usually provide a purchaser with various options for interest crediting.
Fixed annuities normally become fully liquid depending on the surrender schedule or upon the owner's death. Most equity index annuities are properly categorized as fixed annuities and their performance is typically tied to a stock market index (usually the S&P 500 or the Dow Jones Industrial Average). These products are guaranteed but are not ...
Meanwhile, variable and indexed annuities offer the potential for higher returns but involve more risk due to their link to market performance. They also tend to have higher fees than fixed annuities.
Pros and cons of annuities. Like any source of retirement income, annuities have their pros and cons. Understanding these can help you make an informed decision about whether an annuity is right ...