A fixed indexed annuity may combine growth potential linked to selected market indexes with protection from market downturns, depending on contract terms. This concept features a potential 25% premium bonus, an illustrated 28.75% first-year yield, multiple index options, and benefits that may include nursing home, terminal illness, and critical illness provisions. Some contracts also allow 5% free annual withdrawals and beneficiary or POD features. Actual guarantees, charges, surrender schedules, eligibility, and bonus vesting vary by carrier and state. Review the full policy and consult a licensed professional before making a decision.
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