Com Index Annuity Application 1 Purchase G Index Growth Annuity G IGA 5 G IGA 7 Attach Index Growth Annuity Disclosure, Form 122
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People also ask
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How does a fixed indexed annuity work?
A fixed indexed annuity is a tax-deferred, long-term savings option that provides principal protection in a down market and opportunity for growth. It gives you more growth potential than a fixed annuity along with less risk and less potential return than a variable annuity.
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What is the downside of fixed index annuities?
Indexed annuities often promise payments over many years, but it's crucial to remember that these payments are subject to the financial stability of the insurance company. If the insurance company encounters financial difficulties, there is a possibility that it may be unable to meet their obligations.
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What is the average return on an index annuity?
The amount your indexed annuity earns is based on the underlying index. Let's say you buy an S&P 500 index annuity. When that market goes up, you make more money, but when the market goes down, you earn less and may even lose money. The long-term annual average rate of return for the S&P 500 is about 10%.
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What is a 5 year fixed index annuity?
A fixed indexed annuity is a long-term investment that allows your assets to grow tax-deferred, and for an additional cost, offers an optional guaranteed lifetime withdrawal benefit (GLWB) that provides a guaranteed "retirement paycheck" for you and your spouse that is guaranteed to grow each year income is deferred ( ...
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Is a 5-year fixed annuity a good investment?
A 5-year annuity could become the best plan for your retirement as you consider your options when you get closer to it. When you start planning for retirement, your focus might be on more aggressive investment opportunities, but you should always appreciate the benefit of a 5-year annuity as part of your plan.
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What happens at the end of a 5-year fixed annuity?
At the end of your fixed annuity guaranteed term, you can annuitize your contract, which means to create a stream of guaranteed income that could last for life (and/or a certain period of time, like 10 years).
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How do indexed annuities make money?
Indexed annuities promise a guaranteed return plus one based on a market index, like the S&P 500. Many annuity contracts apply the guaranteed interest rate to only a portion of the money you pay in premiums. Your market-based return may also be less than the market's actual percentage gain.
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What is the Power index 7 annuity?
The Power 7 Protector is a deferred fixed indexed annuity issued by American General Life Insurance Company. This annuity is a premium banded product. The rates you are eligible to earn will vary depending on the amount of premium you deposit (see Rate Details below).
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