Like the ocean, the waves of the market can be volatile, and when crashes happen, they can be mentally and financially overwhelming.
Designed to smooth out these waves, a fixed index annuity can be strategically positioned into your retirement savings to help protect against market volatility. Fixed index annuities (FIAs) are long-term, tax-efficient insurance products that are designed in part to smooth out the volatility of the markets.
FIAs provide principal protection in down markets and growth opportunities during market upswings. The result? Generally more growth potential than a fixed annuity and less risk than a variable annuity.
FIA returns are based on their underlying index returns, such as the S&P index, which encompasses 500 of America’s largest companies from a diverse range of industries. Other indices can be used as the underlying index in place of the S&P 500. Regardless of the index, your money is never directly exposed to the stock market.
Are You Wave-Ready?
At Oceanview Life and Annuity, our goal is to provide insurance products that can help to protect retirement savings retirements against the uncertainties of the future, especially swelling markets. To help protect you and your retirement from crashing waves, we have introduced the Harbourview Fixed Index Annuity (FIA) Series.
The Harbourview FIA series is offered to individuals seeking asset protection against market volatility and asset growth from potential market gains. The Harbourview FIA series is a contract with Oceanview Life and Annuity Company, an AM Best* A- rated provider. Our fixed index annuities offer multiple index crediting strategies to capitalize on potential market gains.
FIAs can be a great way to gain from the market without losing principal. They can help build wealth, and give peace of mind that life-long savings will not be lost.
If you have questions about fixed index annuities, please reach out to your financial advisor and/or Oceanview Life and Annuity Support Team.