Helping clients understand fixed index annuities: Opinion
August 17, 2015 by Ed McCarthy, CFP, RICP
I recently completed a continuing education course on fixed index annuities (FIAs). It was a useful review of the products, but what struck me was the difference between FIAs’ internal structures and the outcomes that the client sees.
FIAs have lots of moving parts that advisors consider to best meet clients’ needs: index selection and methodology, crediting factors, participation rates, floors, caps plus the usual annuity details — it’s a financial engineer’s dream. Click HERE to read…