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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.
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.
Indexed annuities tie your returns to a market index like the S&P 500, providing market exposure while protecting you from potential losses. When the index rises, you receive a portion of the gains.
Some annuities are immediate, meaning that annuity payments can begin within a year or less after the premium is paid. Others are deferred annuities, meaning that payments begin at some point in ...
All indexed annuities have a floor of zero, meaning the absolute worst-case scenario due to a downturn in the market index is a consumer might receive no interest in a particular year, however, he or she cannot lose any previously credited interest or premiums.
Indexed: An indexed annuity offers a rate of return that tracks an index such as the Standard & Poor’s 500 Index, which holds hundreds of America’s largest companies.
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]
An equity-indexed annuity is a combination of both fixed and variable, which ties its interest rate to the stock market index's performance. If the market has an up year, you’ll receive ...