Low Caps on Max Rates

Pretty sure that the max rate on the non-guaranteed options for the Capstone series is 3.05.

The cap on the guaranteed minimum rate maxes out at 2 percent.

How can someone justify the costs and fees that come with an indexed product when their upside potential is so limited?

Indexed and fixed products are often marketed under the "safe money" premise.

Given liquidity restrictions and expenses, the products seem to be anything but safe.

While something between 2 and 2.05 percent (gross--not including fees) might be attractive relative to other fixed income options at the moment, it just cannot make sense when considering surrender charges and other expenses embedded in the product.