Updated May 19, 2022, at 3:33 PM
What are the performance characteristics of the fixed index-linked annuity, or FILA? Before we get into the product’s appeals, let’s take a step back to get a wider angle.
The risk and return spectrum of index-linked annuities vary. The easiest way to visualize where different annuity products slot into the market is by using a spectrum of risk and return.
On one end is a classic declared rate fixed deferred annuity (FDA), and on the other end is a variable annuity (VA), with index-linked products falling in between.