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

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 annu View the rest of this article