June is National Annuity Awareness Month. Back in 2010, the National Association for Fixed Annuities designated this month for awareness to help educate Americans on the important role annuities play as part of a secure retirement savings plan.
More than 20 years ago, the first fixed indexed annuity (FIA) was launched by Keyport Life with the assistance of Genesis Financial. Since then, FIAs have evolved to include the addition of alternative indexes, riders that provide guaranteed retirement income and uncapped growth designs subject to participation rates and spreads. Here are several highlights since the first equity-linked indexed annuity known as KeyIndex was launched.
If you are a financial advisor and have any questions about fixed indexed annuities, please call us at 800.440.1088.