What is a Fixed Indexed Annuity (FIA)?

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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