Equity indexed annuity

An indexed annuity is a special class of annuities that yields returns on contributions based on a specified equity-based index. One can purchase this annuity from an insurance company, and similar to other types of annuities, the terms and conditions associated with payouts depend on what the original annuity contract says—Read more at Investopedia. Kagan, Julia. “Indexed Annuity.” 28 July 2019