Annuity glossary

Fixed Indexed Annuity (FIA)

An annuity that credits interest based on the movement of a market index, such as the S&P 500, while protecting your principal from index losses. Growth is limited by caps, participation rates, or spreads, and your money is never directly invested in the market. Interest, once credited, is locked in and cannot be taken back by a downturn. The contract explains the available terms, charges, access limits, and payout choices that apply.

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