Fixed Index Annuities Review
Are you considering a purchase of a fixed index annuity? It’s important to evaluate your unique financial needs and determine if it’ll be a suitable fit. Many Americans have found fixed index annuities to be an effective vehicle for achieving retirement income security.
Consider the following data:
- Since 1995, Americans have purchased almost $400 billion in fixed index annuities (From Advantage Compendium Ltd)
- 99.994% of indexed annuity owners have no complaints about their indexed annuity purchase (Advantage Compendium Ltd)
- Only 0.006% of indexed annuity owners have registered complaints about their annuity product purchase (Advantage Compendium Ltd)
- In a 2012 study, 83% of indexed annuity buyers and 86% of traditional fixed index annuity buyers reported satisfaction with their annuity purchase (LIMRA)
- At the close of 2014, fixed index annuity sales were $47 billion, a 104.3% increase from sales in 2004 ($23 billion in sales that year) (Beacon Research)
Fixed index annuities were originally created as a financial alternative to CDs and their meager potential for retirement income. The catastrophic effects of the 2008-2009 financial crisis and the changing dynamics within the American workplace landscape also have had an impact. Now many Americans are exploring fixed index annuities as an alternative retirement vehicle. Read More