Source: LifeHealthPRO
With a wide range of benefits that include tax deferred accumulation, potential to earn interest linked to an index and protection against loss of principal, fixed index annuities (FIAs) can be a great component in an individual’s overall retirement plan. However, even though FIAs can be a great way for individuals to protect their assets while growing their wealth, they’re sometimes misunderstood.
Agents that truly understand the benefits of FIAs can help their clients decide if this annuity type is right for them, based on their retirement status, current and future financial needs and long-term financial goals and objectives. Here are seven key facts about FIAs:
