A fixed indexed annuity (FIA) is an insurance contract between your client and a life insurance company designed to help them accumulate assets for retirement and provide potential growth along with protection from market risk.
Annuities offer low financial risk, conservative returns, and protection from market ups and downs. Your clients pay a single premium or multiple premiums (for deferred annuities) to an insurance company in exchange for regular income payments over a period of time, beginning immediately or at some point in the future.
If your client is looking for a retirement strategy that protects their principal, has some good upside potential, and provides a predictable guaranteed lifetime income stream in retirement1, an FIA may be something to consider.
One of the most common fears for retirees and those planning for retirement is outliving their money. Learn how annuities can help your clients generate a steady stream of income, increase their current savings, or leave a legacy and provide income for their heirs.
1Product and features may differ depending on the state of issuance and may not be available in all states. Guarantees are backed by the financial strength and claims paying ability of the issuing company.