01
Accumulation — the early years
Your premium sits in the contract and interest is credited by a method described in the policy. Rates and crediting terms vary.
A fixed index annuity is a contract with an insurance company. You pay a premium, and the insurer credits interest by reference to a market index subject to a cap or participation rate. A typical 0% crediting floor limits negative index-based credits, but fees, withdrawals and surrender charges can still reduce what you receive. You do not own the index.
Your premium sits in the contract and interest is credited by a method described in the policy. Rates and crediting terms vary.
A defined number of years, commonly five to ten, during which withdrawals beyond permitted free amounts may incur charges.
Some annuities offer income options or riders, often for additional cost. A guaranteed lifetime withdrawal benefit is not the same as account value.
Contract provisions determine what beneficiaries receive, and how the value is calculated.
A 0% index crediting floor does not mean every withdrawal or surrender value is protected. Contract fees, surrender charges and rider costs can reduce proceeds; guarantees depend on the insurer.
A cap limits credited gains, a participation rate applies a percentage of index movement, and a spread subtracts a specified amount under the contract formula.
No. The insurer uses an index as a reference to calculate credited interest; you do not own shares of that index.
A contractual charge for withdrawals above allowed amounts during the surrender period. The schedule varies by contract.
The issuing insurer is responsible for its guarantees. State guaranty association protections are limited and should not be represented as a substitute for evaluating insurer strength.
Usually some access is available, but limits, charges and tax consequences can apply. Review the contract before committing.
Some riders have explicit annual charges and rules governing lifetime withdrawal amounts. Review actual rider terms and illustrations.
No. Liquidity needs, time horizon, tax circumstances, costs, alternatives and financial goals determine suitability.
Send a note or call directly — whichever is easier. Tell us roughly where you are and what's on your mind, and we'll come prepared.
Tell us what to look at and how to reach you. Calls, texts and emails all reach Steve — whichever you prefer.