What types of annuities does FGL offer?
Fixed Indexed Annuities
A fixed indexed annuity provides the potential to earn interest linked to the return of an index. A fixed indexed annuity uses a formula, subject to a cap, spread, and/or participation rate, to credit interest on annuity premiums based on changes in a market index. A fixed indexed annuity also provides a minimum guarantee, meaning that it has less equity performance risk than variable contracts.
A fixed annuity will return your principal and a certain guaranteed return over a specific period of time. If you know you will retire at a certain date and have known expenses, this may be a good option for you. A fixed annuity credits interest on the premiums paid in the contract, less any applicable charges. Fixed annuities also include a guaranteed minimum interest rate - the lowest rate the annuity can earn.
An immediate annuity pays a stream of income immediately after it's purchased or for a set period later. A person who has already retired may find this a useful way to safely increase spending to cover daily living expenses.