Non-qualified tax deferred annuities have three crediting methods: fixed interest rate crediting, indice crediting or fixed interest rate crediting, indice crediting or separate subaccounts using equity and bond instruments. Fixed interest rate annuities guarantee a declared rate for a specific period like 5, 7 or 10 years.
A variable annuity is a security and an insurance product that offers a general account crediting an interest rate that can change at the policy anniversary and separate subaccounts using equity and bond instruments that can credit or debit, i.e. lose money. A personal financial profile needs to be conducted, including risk tolerance assessment to determine product suitability.
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A variable annuity is a security and an insurance product that offers a general account crediting an interest rate that can change at the policy anniversary and separate subaccounts using equity and bond instruments that can credit or debit, i.e. lose money. A personal financial profile needs to be conducted, including risk tolerance assessment to determine product suitability.