Why Are Fixed Index Annuities Popular?

Are you worried about your retirement savings? Most of us go to great lengths to save money in order to have a good retirement income, but it's not easy these days. The stock market can make good returns but is very risky.

The best pension rates is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments. 

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Standard bank products, like savings accounts, are not returning much money at all. Is there someplace we can put the money that gives us fewer risks and more rewards?

You may be able to find that middle ground. It could be a fixed index equity annuity. These products are considered safe, and they could help you reduce your risks while growing your returns. Consider some pros and cons of fixed index annuities.

These products do come from insurance companies, and that is because they do use some of the same actuary tables that life insurance does. However, they do combine some aspects of insurance with features of an investment product. 

If you need a safer investment, with decent returns, you may want to talk with a financial professional about fixed index annuities.