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

Modified on Thu, 12 Oct 2023 at 04:40 PM

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