What is
an Indexed Annuity?
An Indexed Annuity is a fixed annuity where the principal is
put into the general
account of the insurance company, and the interest is used to
purchase Standard &
Poor's 500 Index Options. It usually works very well for the
insurance company and less so
for the annuitant. Buyer, beware. If you want market returns, you
have to take market
risks.
