What Is an Indexed Annuity?
In this video, Wendy Swanson explains that an indexed annuity lets you earn interest based on the performance of market indexes like the S&P 500 while keeping your original premium fully protected.
Video Transcript
An index annuity is a contract with the insurance company. Most of these are going to be a single premium that you contribute to what we would call an annuity and in association with that annuity. You're going to be allowed to select different index options. So a lot of people, for instance, may be familiar with the S&P 500 maybe the Dow, the NASDAQ. So each of the companies and the products will have specified indexes in which you can participate in a percentage of the growth while still keeping the original premium 100% protected.
