Indexed Annuity
When an annuity’s capital appreciation potential is tied to the performance of an index, it is referred to as an indexed annuity (IA). Indexed annuities are also commonly referred to as equity indexed annuities (EIA) or fixed indexed annuities (FIA). Generally, the annuity’s losses are limited while a portion of its gains are tied to the individual equity index’s returns. Some common indexes include the S&P, DIJA and the NASDAQ. With an indexed annuity: 1) the money can go in as a single premium payment or a series of payments; 2) the money is invested at a variable rate although there is a guaranteed minimum rate of return that provides a floor, and; 3) payments begin at a future date and are at a fixed rate that is based on market performance and is supported by the guaranteed minimum rate.
Life of the Southwest
Life Insurance Company of the Southwest (LSW) was incorporated in 1955 and is headquartered in Addison, Texas. It is a wholly owned subsidiary of the National Life Group and is licensed to do business in 49 states and the District of Columbia. Life Insurance Company of the Southwest (LSW) provides annuities to individuals and below is a brief description of its annuities:
ING Group
Horace Mann
Great American
Great American Financial Resources, Inc. (GAFRI) started marketing insurance products in 1950 and is a wholly owned subsidiary of the American Financial Group, Inc. GAFRI is headquartered in Cincinnati, Ohio.
GAFRI provides insurance and investment products to individuals and businesses through its subsidiaries and affiliate companies such as Great American Life Insurance Company, Annuity Investors Life Insurance Company, Great American Advisors, Inc., Great American Life Assurance Company, United Teacher Associates Insurance Company etc.