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Fixed index annuities combine the ability to participate in the long-term growth potential of the equity markets with the safety of a minimum guaranteed interest rate and features that fixed annuities are known for.
Fixed index annuities allow you to capture a percentage of the growth potential of an index, without being exposed to the risk of a market downturn. Your principal will be guaranteed 100% by the financial strength of the insurance company, if held to the end of the chosen term. Even if the index is flat or has a negative return, you will walk away with at least your purchase payment, less withdrawals.
At the time the contract is opened, a term is chosen, which is the number of years that the principal is guaranteed. The participation rate is the percentage of the growth potential of the indexed earnings that you would be entitled to. Earnings are credited based on a method that calculates changes to the index using the participation rate.
Fixed index annuities are long-term vehicles for retirement that also have features of fixed annuities, such as access to money, income options for retirement, and a death benefit, which could protect your family.
To learn more about the line of fixed index annuities offered by Sun Life Assurance Company of Canada (U.S.), use the links below.
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