What is a Fixed Indexed Annuity (FIA)?

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June is Annuity Awareness Month, and despite many positive media articles that champion the purpose of annuities in a retirement portfolio, many retirees still want to know exactly what a fixed indexed annuity (FIA) is. While an FIA isn’t for everyone, there are a variety of opinions on these misunderstood financial products, many of them negative.

To set the record straight, we’ve put together a few basic facts about FIAs and what they’re designed for. We’ve also included some helpful questions for clients to ask their financial advisors when looking to purchase an FIA.


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Stephen Odom, CEO of The Impact Partnership


Chief Executive Officer

Stephen started in the insurance marketing business in 2001 as a new business consultant. In 2002 he was promoted to Director of Sales and built a 200 million book of business from scratch. By 2005, he was one of the top wholesalers in the country, working with some of the top financial advisors and insurance agents across the USA. In 2008, Stephen was promoted to Co-President of one of the largest IMOs in the country.

In 2011, Stephen continued his entrepreneurship path and co-founded The Impact Partnership, an INC 5000 company. Stephen is responsible for the strategic vision of Impact and is laser-focused on creating a culture of growth for both internal teammates and our amazing customers.

Stephen lives in Kennesaw, GA, with his wife of more than 20 years, Kendra. They are blessed with three beautiful children Katie, Tyler, Anna Brooke, and Laya, their German Shepherd and Luna, their BernieDoodle.