Equity Indexed Annuity is a Fixed Annuity Now Known as an Index Annuity

Authored By: Jeff McLeod

An equity index annuity is a fixed annuity.

The reason equity indexed annuities are obsolete is that the fixed annuity means your premium earns a minimum guaranteed interest rate. In other words you have two interest rates, a guaranteed rate and a current rate determined by an external index. The word equity has been dropped from the description of a fixed indexed annuity as to eliminate the confusion of insurance terms among consumers and agents.

A fixed index annuity is not an equity, therefore that term has been eliminated. Indexed annuities are the new and improved terminology. The word annuity is Latin for income. Annuities existed long before there was a tax code. The word deferred meant income later and still does today.

You can buy a fixed index annuity and wait 12 months to determine if any interest has been credited and then withdraw the previous years interest over the second year all at once, semi-annually, monthly even direct deposit to your bank account.

This is how to use a fixed index annuity with a current rate based on an index strategy you chose, to pay you a current income, in other words you can defer your income or interest payment for twelve months.

The safety and security of fixed indexed annuities that provide current income is a popular choice for an IRA, 4O1k, and 4O3b rollover at retirement.

Jeff McLeod is a fixed index-linked retirement income annuity specialist. To get a copy of the Buyer’s Guide visit HappyRetiree.com/

You can freely reprint this article as long as the author, bio, and live links are left intact.

Article Source: http://www.FinanceNook.com
Your One-Stop Quality Finance Article Source

Home | Finance

Read Additional Related Articles from the Finance Category

Listed below are more articles related to the above article.

People interested in the above article "Equity Indexed Annuity is a Fixed Annuity Now Known as an Index Annuity" are also interested in the related articles listed below:

Tracker Mortgages – Are They Worth The Gamble? - By : Joe Kenny
Financial Considerations For Retirement - By : Herb Lazarus
Booming Green Building Market Continues to Grow - By : Jeanette Joy Fisher
Why Set Up An Offshore Bank Account Like the Large Corporations and the Wealthy ? - By : Bill Pikup
Get Schooled in Electronic Check Recovery and Consolidation - By : William Hamilton
Open Source Goes Mainstream - By : Pete Arkwright
On Banks - By : Geoff Gannon
Money Is In The Mind - By : CD Mohatta
Save Money Using A Credit Card - By : Joe Kenny
Canadian Mortgage Rates - By : Carl Graeber

Read more related articles in Home | Finance

Return Home

FinanceNook.com Home

Featured Sites

Internet Marketing
Website marketing strategies and tips for promoting a business online

Small Business Marketing
How to get more customers or clients than you ever dreamed possible

Social Bookmarking

Bookmark on del.icio.us

Popular Articles

RSS Feeds

FinanceNook.com Home | Top of Page

United States of America . United Kingdom . Canada . Afghanistan . Albania . Algeria . American Samoa . Andorra . Angola . Anguilla . Antarctica . Antigua & Barbuda . Argentina . Armenia . Aruba . Australia . Austria . Azerbaijan . Bahamas . Bahrain . Bangladesh . Barbados . Belarus . Belgium . Belize . Benin . Bermuda . Bhutan . Bolivia . Bosnia-Herzegovina . Botswana . Brazil . British Virgin Islands . Brunei Darrusalam. Bulgaria . Burkina Faso . Burundi . Cambodia . Cameroon . Cape Verde . Cayman Islands . Central African Republic . Chad . Chile . China . Colombia . Comoros . Congo . Congo (Dem. Rep.) . Cook Islands . Costa Rica . Côte d'Ivoire . Croatia . Cuba . Cyprus . Czech Republic . Denmark . Djibouti . Dominica . Dominican Republic . East Timor . Ecuador . Egypt . El Salvador . Equatorial Guinea . Eritrea . Estonia . Ethiopia . Falkland Islands and Dependencies . Faroe Islands . Fiji . Finland . France . French Guiana . French Polynesia . Gabon . Gambia . Georgia . Germany . Ghana . Gibraltar . Greece . Greenland . Grenada . Guadeloupe . Guam . Guatemala . Guinea . Guinea Bissau . Guyana . Haiti . Honduras . Hong Kong . Hungary . Iceland . India . Indonesia . Iran . Iraq . Ireland . Isle Of Man . Israel . Italy . Ivory Coast . Jamaica . Japan . Jordan . Kazakhstan . Kenya . Kiribati . Korea (North) . Korea (South) . Kuwait . Kyrgyzstan . Laos . Latvia . Lebanon . Lesotho . Liberia . Libya . Liechtenstein . Lithuania . Luxembourg . Macau . Macedonia . Madagascar . Malawi . Malaysia . Maldives . Mali . Malta . Marshall Islands . Martinique . Mauritania . Mauritius . Mexico . Micronesia (Federated States) . Moldova . Monaco . Mongolia . Morocco . Mozambique . Myanmar (Burma) . Namibia . Nauru . Nepal . Netherlands . Netherlands Antilles . New Caledonia . New Zealand . Nicaragua . Niger . Nigeria . Niue . Norfolk Island . Northern Mariana Islands . Norway . Oman . Pakistan . Palau . Palestine . Panama . Papua New Guinea . Paraguay . Peru . Philippines . Poland . Portugal . Puerto Rico . Qatar . Reunion . Romania . Russia . Rwanda . Sahara . Saint Helena . Saint Kitts and Nevis . Saint Lucia . Saint Pierre & Miquelon . Saint Vincent & The Grenadines . Samoa . San Marino . São Tomé & Príncipe . Saudi Arabia . Senegal . Serbia . Seychelles . Sierra Leone . Singapore . Slovakia . Slovenia . Solomon Islands . Somalia . South Africa . Spain . Sri Lanka . Sudan . Suriname . Swaziland . Sweden . Switzerland . Syria . Taiwan . Tajikistan . Tanzania . Thailand . Togo . Tongo . Trinidad & Tobago . Tunisia . Turkey . Turkmenistan . Tuvalu . Uganda . Ukraine . United Arab Emirates . Uruguay . Uzbekistan . Vanuatu . Vatican City (Holy See) . Venezuela . Vietnam . Yemen . Zaire . Zambia . Zimbabwe

Template Design by Larry Lim | Powered by Article Dashboard