Product Description
This lecture is designed for financial professionals and for those of you who are preparing for Health and Life Insurance License Exam. An equity-indexed annuity (EIA) is generally believed to be a fixed deferred annuity that credits earnings based on the movement in an equity index but yet guarantees a certain minimum return. This lecture covers the following topics: equity-indexed annuity; advantages and disadvantages; how does the indexing work; typical EIA contract features; cap rate; death benefit; fees and expenses; indexing methods; maximum issue ages; minimum guaranteed interest rate; minimum premiums; partial withdrawal provisions; participation rate; policy loans; policy term; settlement options; surr… More >>