Equity indexed annuities fixed or variable
Annuities come in two types: fixed and variable. With a fixed annuity, the insurance company guarantees both the rate of return and the payout. As its name implies Like any investment, index annuities have their benefits and costs. Since they are essentially a hybrid of fixed and variable annuities, they have a mixture of pros Equity Indexed Annuities (also referred as Fixed Indexed Annuities) are a type of Variable Returns Annual rate of return varies based on index performance.