2010 Interest Crediting Rates Came In

[0b1kanobee]

Yep, I have a few people that have quite a bit more money who were waiting to see how things went. Timing could not be better. I'll keep my fingers crossed.

I think they are calling them FIAs now as opposed to EIAs.

 

[HarryRenard]

Why can't you name the company? Many of us that are skeptical might find this information very useful.

LSW 6.99% was the average and the highest was over 25% on their EIA's.
For life insurance they are posting an average of 11.2% and highest credited at over 28% .

 

[retread]

I think they are calling them FIAs now as opposed to EIAs.

I think the reason is 1) Indexed annuities are fixed annuity contracts and not investments and 2) the use of "Equity" indexed annuities (EIA) insinuate investment in equities, whereas indexed annuities are co-mingled funds that an issuer invests in products that "mirror" an equity index such as the S&P. The issuer then turns around and re-imburses the client's account a guaranteed return plus gains over that, if warranted, up to the max return or cap in the contract. This puts a bigger distance between the FIA as a contract and that of an investment, which are funds that are directly exposed to market risk.