1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Equity indexed annuities are not a security (unlike variables annuities which is a security and an insurance product.) After a long dispute initiated by the SEC, indexed annuities (some prefer not to use the term equity) remain a non security and under the department of insurance for each state.
    Answered on August 10, 2013
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