Fia Annuity

When you purchase an FIA either in a single lump sum or in multiple payments over time the insurance company invests that money and credits interest to your annuity.

Fia annuity. Three Interest Crediting Strategy Options. SP 500 Index Strategy. FIAs are sold by insurance companies.

It is important to know that first and foremost a fixed index annuity FIA is essentially a safety oriented fixed annuity with an optional interest earning feature. How does it work. The investment is called a fixed-index annuity or FIA and its issued by an insurance company.

It offers a level of protection for your clients money against loss with the opportunity for it to grow based on the performance of a specific market index or combination of indices. An FIA is a fixed annuity that according to the Insured Retirement Institutes report credits a minimum guaranteed rate of interest over a fixed number of years plus additional interest that may. The Harbourview Fixed Indexed Annuity Series is a contract with Oceanview Life and Annuity Company an AM Best A-.

Please review all of this information before you write and submit your first annuity. If you are interested then do your homework. At the same time your purchase payment is protected from market volatility which is especially helpful when youre close to retirement.

There has been much change in this part of the industry since the original fixed index annuity product FIA was introduced in the late 1990s and quite a lot of change just in the past couple of years. Join or renew your AARP membership today for money-saving discounts. Variable annuities are represented by the blue line while the red line represents fixed indexed annuity sales.

Sales are booming 609 billion in 2016. FIA contracts vary but this is how they work. In addition the FIA is a retirement tool that can provide a guaranteed income for life.