Fixed Indexed Annuities

A Fixed Indexed Annuity designed for accumulation enables money to grow on a tax-deferred basis, with interest credits tied to the performance of a market index while shielding the account from downside losses when the index falls. Because of its structure (index-based gains, guaranteed floors, and protected principal) it is well suited for individuals who seek to build savings for retirement or long-term goals with both growth potential and a degree of safety.

A Guaranteed Lifetime Income rider is an optional enhancement added to an annuity contract that ensures the annuity owner receives a predetermined stream of income for life, regardless of market performance or whether the underlying account value eventually falls to zero. The rider typically allows for an accumulation period where a benefit base grows, often via a roll-up rate or bonus, and when income begins, a payout rate is applied to that benefit base to determine annual or periodic payments. While the rider provides lifetime income, it comes with trade-offs, typically including a fee and reduced liquidity and specific rules regarding withdrawals, activation age, and contract terms.