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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 ...
Annuities provide tax-deferred retirement income. Learn how they work, the pros and cons, and whether an annuity fits your retirement plan.
Annuities are one of the few choices that can offer guaranteed, lifelong income payments, essentially eliminating longevity risk, or the danger that you outlive your income.
The long term ability of Equity Index Annuities to beat the returns of other fixed instruments is a matter of debate. Indexed annuities represent about 25.3% of all fixed annuity sales in 2020 according to the My Annuity Store, Inc.. [2] Equity-indexed annuities may also be referred to as fixed indexed annuities or simple indexed annuities.
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.
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 ...
Additionally, there is the recent addition of indexed universal life contracts similar to equity-indexed annuities which credit interest linked to the positive movement of an index, such as the S&P 500, Russell 2000, and the Dow Jones. Unlike VUL, the cash value of an Index UL policy generally has principal protection, less the costs of ...
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.