A fixed index annuity (FIA) is a type of annuity product that can be either immediate or deferred, earning interest or providing benefits linked to an external equity reference, such as a stock market index. These annuities offer the potential for higher returns than traditional fixed annuities by tracking the performance of a specified index while also providing a level of protection against market volatility.
FIAs work by providing a contract between an individual and an insurance company, where the individual can earn interest or benefits linked to an external equity index, such as the S&P 500. The interest earned is based on the performance of the chosen index, but with a level of protection against market downturns. This means that while the annuity can benefit from market upswings, it also has mechanisms to mitigate the risk of losing value during market declines.
Features of working with Carolina Financial Services Group to create your lifetime income stream include:
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