Fixed Indexed Annuity

When an annuity’s capital appreciation potential is tied to the performance of an index, it is referred to as a fixed indexed annuity (FIA). Fixed indexed annuities are also commonly referred to as equity index annuities (EIA) or simply indexed annuities (IA). 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 a fixed 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.

Mark Warshawsky on the Retirement Income Market

Mark J. Warshawsky is Director of Retirement Research at Towers Watson.

Dr. Warshawsky served as assistant secretary for economic policy at the U.S. Treasury Department from 2004-2006 and he has held senior level economic research positions at the Federal Reserve Board, the Internal Revenue Service and...

Allianz Reports Strong Revenue Growth Coupled with Earnings Challenges Due to Low Interest Rates

Allianz Life Insurance Company of North America reported strong revenue growth for the third quarter of 2010. Fixed indexed annuity sales increased 36 percent and totaled $1.9 billion. Variable annuity sales quadrupled to $800 million. Allianz attributes the revenue growth to more risk averse consumers in the wake of the financial crisis.
Companies: 

Sagicor Life

Short Company Name: 
Sagicor Life
Long Company Name: 
Sagicor Life Insurance Company

Company Type: 
Insurance Company
Address
Street Address: 
4343 N Scottsdale Road Ste 300
City: 
Scottsdale
State: 
AZ
ZIP Code: 
85251
Country: 
USA
Phone Number: 
800-531-5067
Fax Number: 
480-425-5126
Year Founded: 
1840
Ticker Symbol: 
SFI.L

American Equity

Short Company Name: 
American Equity
Long Company Name: 
American Equity

Company Type: 
Insurance Company
Address
Street Address: 
6000 Westown Parkway
City: 
West Des Moines
State: 
IA
ZIP Code: 
50266
Country: 
USA
Phone Number: 
888-221-1234
Fax Number: 
515-221-9947
Year Founded: 
1995
Key Phrases: 
Ticker Symbol: 
AEL

Types of Annuities

META Tag Title: 
Annuity Digest Buying Guide: Types of Annuities

The tough thing about classifying annuities is that the three common features described in the previous chapter can be mixed and matched to create a bewildering array of options.

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