Protect What You’ve Built. Prepare for What Comes Next.
During your working years, the focus is often on accumulating assets. As retirement approaches, another question becomes increasingly important: How will those resources support you throughout retirement?
What Is a Fixed Indexed Annuity?
A Fixed Indexed Annuity (FIA) is an insurance contract designed to provide principal protection and potential interest credits based partly on a market index, subject to contract terms. Funds are not directly invested in the stock market or the referenced index.
Interest crediting may be influenced by the performance of an external index, subject to contract provisions including participation rates, caps, spreads, and other terms specified in the contract.
Growth Without Direct Stock-Market Investment
A fixed indexed annuity offers the potential for interest credits linked in part to an external index, without directly investing in the stock market. Key concepts to understand include:
Index Crediting
Interest may be credited based in part on the performance of an external index.
Participation Rates
The percentage of index gains that may be credited to the contract.
Caps
A maximum rate of interest that can be credited in a given period.
Spreads
A margin deducted from index gains before interest is credited.
Contract Provisions
Specific terms that govern how interest is calculated and credited.
Who Might Consider an FIA?
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Long-Term Contracts
FIAs are long-term insurance contracts. Early withdrawal may result in surrender charges and loss of value.
Surrender Periods
Most FIAs include a surrender period during which withdrawals above certain limits may incur charges.
Withdrawal Restrictions
Access to funds may be limited during the surrender period. Many contracts allow a penalty-free withdrawal percentage each year.
Possible Rider Charges
Optional riders, such as lifetime-income benefits, may involve additional charges that reduce contract value.
Potential Tax Consequences
Withdrawals may be subject to income tax and, for certain withdrawals before age 59½, a potential federal tax penalty unless an exception applies.
Guidance From Someone Who Understands Families
Work directly with Keona DuBose.
I’m the founder of Life Legacy Collective, and my story starts long before I became a life insurance agent. For more than 25 years, I worked in social services and case management, walking alongside individuals and families during some of the most difficult seasons of their lives. I helped people navigate crisis, find resources, and move forward with hope. Through that work — and through my own personal experiences — I saw one truth over and over again:
Frequently Asked Questions
Not Sure Which Solution Is Right for You?
You don’t have to figure it out alone.
Life insurance and retirement solutions can vary significantly based on your age, family responsibilities, financial goals, health, budget and long-term objectives.
Work directly with Keona DuBose to discuss your goals, understand your options and explore solutions that may be appropriate for your situation.
KEONA DUBOSE
Licensed Life Insurance Agent
Life Legacy Collective
No obligation. Your consultation is an opportunity to ask questions and better understand your available options.
A Fixed Indexed Annuity (FIA) is a long-term insurance contract. Funds are not directly invested in the stock market or the referenced index. Interest crediting is subject to contract provisions including participation rates, caps, and spreads. FIAs may include surrender charges and withdrawal restrictions. Withdrawals may be subject to income tax and, for certain withdrawals before age 59½, a potential federal tax penalty unless an exception applies. Optional riders may involve additional charges. This page is for educational purposes and is not an offer of coverage or a recommendation to purchase a specific product.