Indexed annuity cap

Most indexed annuity contracts include a yield or rate cap that can further limit the amount credited to the accumulation account. For example, a 7% rate cap limits the credited yield to 7% no matter how big the stock index gain. Rate caps can range from a high of 15% to as low as 4% and are subject to change—Read more at Investopedia. Kagan, Julia. “Indexed Annuity.” 28 July 2019.