What Does Equity Indexed Annuity Mean?

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What does Equity Indexed Annuity mean? Read on to discover the definition & meaning of the term Equity Indexed Annuity - to help you better understand the language used in insurance policies.

Equity Indexed Annuity

Equity Indexed Annuity

A fixed deferred annuity that offers the traditional guaranteed minimum interest rate and an excess interest feature that is based on the performance of an external equities market index.

We hope the you have a better understanding of the meaning of Equity Indexed Annuity.

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