*)*

**NOT CURRENTLY SUPPORTED IN THIS APP**A: An Equity-Indexed Annuity functions like a Fixed Annuity in some ways, and like a Variable Annuity in other ways. Equity-indexed Annuities have two components:

- a minimum guaranteed return, and
- the possibility of earning a higher return, by crediting your account with a return based on a formula that is tied to a popular stock market index, such as the S&P 500 Index.

**Common drawbacks**

- The formulas inside Equity-Indexed Annuities are often difficult for an average person to understand.
- Equity-Indexed Annuities often have high Surrender Charges (lasting for ten to fifteen years).