Annuity glossary

Annual Reset

A feature of most indexed crediting methods where each year's ending index value becomes the next year's starting point. Interest credited in past years is locked in and cannot be lost, and after a down year your contract measures growth from the new lower level rather than waiting for the index to recover first. The contract explains the exact calculation period, limits, charges, and renewal terms that apply.

Any guarantee is backed by the claims-paying ability of the issuing insurer.