Equity-indexed annuity
From Wikipedia, the free encyclopedia
An equity index annuity in the United States is a type of tax-deferred annuity whose return is indexed to an equity index, typically the S&P 500 but which also guarantees a minimum interest rate (typically about 3% as of 2007) and against a loss of all or most principle. [1], [2].
Like many other types of annuities, equity-indexed annuities usually carry a surrender charge for early withdrawal.
 |
This economics or finance-related article is a stub. You can help Wikipedia by expanding it. |
