sparrell - 1/23/2018 18:19
Boone & Crockett - 1/23/2018 18:07
Indexed annuity. Not NAT approved. But that's perfectly fine by me.
How exactly does it work? Does it follow the index closing price each day or is it tied to a longer timeframe? Say the index is up 1% for a single day, does the annuity account value actually increase .52% that day and then never goes down on each down day?
lots of different choices, all with market caps. Annual point to point, monthly point to point with a 1.8% monthly cap, and the 52% participation rate is based on where the S&P index was on the day Your contract goes into effect. If the market loses value, you get a zero for the year. Some contracts will guarantee at least one percent gain no matter what, but typically they have lower cap rates too. Edit to add; The CROCI volatility control index is an available choice in some contracts, and as of Jan. 19th, it returned account holders 19.26% net return for the one year period. A person can mix them up too for diversification if they like.