A Fixed Indexed Annuity (FIA) is a long-term insurance contract issued by an insurance company. Your premium is protected from direct stock market losses, while interest credited to your account is linked to the performance of a market index such as the S&P 500.
FIAs are designed for retirement. They offer tax-deferred growth, optional guaranteed lifetime income riders, and a death benefit for your beneficiaries — all backed by the claims-paying ability of the issuing insurance company.
FIAs are not securities and do not invest directly in the market. Returns are typically subject to caps, participation rates, or spreads that limit upside in exchange for principal protection.
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