Why shouldn't I invest in a Fixed Indexed Annuity instead of the Market Savings program?

Modified on Mon, 08 Apr 2024 at 10:33 AM

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.

FeaturesMarket SavingsFixed Indexed Annuity
FDIC InsuredYes3No
Term Length1-year termUsually >5-year terms
Fees ChargedSave charges a 0.35% fee only when there is a return above 0.35%.Fees up to 5% upfront
Tax efficient investments2YesYes

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article