The Market Savings program is very similar to a Fixed Indexed Annuity, except for a couple of things, which are listed in the chart below.
Features | Market Savings | Fixed Indexed Annuity |
FDIC Insured | Yes3 | No |
Term Length | 1- and 5-year terms | Usually >5-year terms |
Fees Charged | Save charges a 0.35% fee only when there is a return above 0.35%. | Fees up to 5% upfront |
Tax efficient investments2 | Yes | Yes |