Is An Equity Indexed Annuity A Variable Annuity?

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    J Paul Wilson CFP, CHFC
    Certified Financial Planner, JPW Insurance Retirement Investments, Halifax, Nova Scotia, Canada
    In Canada, viable annuities are typically called segregated funds. They are also sometimes called GIFs or Guaranteed Investment Funds. Similar to mutual funds, but with guarantees
    The investment could mirror an Index and as such the performance could be considered to be Equity Indexed.
    Annuities can be complicated. An independent life insurance broker can help you find the plan that is right for you.
    If you have further questions or feel that I could be of assistance, please do not hesitate to contact me.
    Answered on December 9, 2014
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