Are you seeking an investment option that combines growth potential and principal protection? Look no further than the fixed indexed annuity (FIA). This tax-deferred, long-term savings vehicle offers a unique balance of benefits, providing you with the opportunity for growth while safeguarding your principal during market downturns.
Fixed index annuities are an insurance product offered through a licensed insurance agent. It is important to note that while a fixed indexed annuity provides the potential for growth, it also comes with certain limitations. Your returns may be subject to factors such as participation rates, caps, and fees, which can restrict your full participation in market gains. Additionally, FIAs are designed as long-term savings vehicles, and early withdrawals maybe subject to surrender charges. FIAs have advantages and disadvantages that need to be discussed with a licensed insurance professional.
