Equity Indexed Annuities: Fundamental concepts and issues

Executive summary

Executive summary of a paper on Equity-Indexed Annuities (EIAs), also known as Indexed Annuities and (more recently) Fixed Indexed Annuities. This paper addresses key EIA product features, the current EIA marketplace, and issues and criticisms surrounding EIAs.

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This paper is on Equity-Indexed Annuities (EIAs), also known as Indexed Annuities and (more recently) Fixed Indexed Annuities. A category of relatively new and increasingly popular annuities, EIAs are a type of fixed annuity whose credited interest rate depends on the performance of an external market index, with a guaranteed minimum return. EIAs offer the potential for larger interest credits than traditional fixed annuities, without the downside risk of direct equity investing.

EIA products, and certain sales and marketing practices, are being scrutinized from within and outside the insurance industry. This paper addresses key EIA product features, the current EIA marketplace, and issues and criticisms surrounding EIAs.

Click on the file names below to download the full document. In order to view the Adobe Acrobat version of this paper, you will need the appropriate software. You can download Acrobat, free of charge, from the Adobe Web site (http://www.adobe.com/products/acrobat/).

Download/View File: Paper: Equity Indexed Annuities (PDF)

Download/View File: Paper: Equity Indexed Annuities (Word)