The legal ramifications of classifying an EIA as a “security” or an insurance product are significant: variable an- nuities have been treated as “securities,” while fixed annuities have gen- erally been accepted as insurance products exempt from reach of the fed- eral securities laws.

What are equity indexed annuities classified as?

An equity-indexed annuity is a fixed annuity where the rate of interest is linked to the returns of a stock index, such as the S&P 500. Equity-indexed annuities may appeal to moderately conservative investors.

Are indexed annuities FDIC insured?

If you’re looking for financial security and peace of mind for your retirement years, consider a fixed or fixed-indexed annuity. Unlike some financial products, annuities are not FDIC insured.