Terms for FIA's Fixed Indexed Annuities: To Serve as a Reminder for those who own them.
Terms for FIA’s (Fixed Index Annuities)
This page is for those clients who already own Indexed Annuities and need a reminder about the terms used with them.
FIA: Fixed Index Annuity
Point to Point:
CAP: Is the maximum rate of interest credited to values under a specific indexed strategy.
Floor: This is the lowest rate you can earn in a specific indexed strategy which is usually zero. Which is a real blessing in declining markets.
Multi Strategy: There are several buckets (sub accounts if you will) that you allocate you funds into.
Declared Rate Strategy: At your anniversary date you can elect to move part or all of your money to a bucket call “Declared Rate Strategy” a published rate good for one year offered on your renewal letter.
Monthly Cap Strategy: Strategy that earns interest on an annual basis by comparing the monthly changes in the S&P Index. (This strategy is not currently promoted by Robert Fulton.
Clean of Administrative Expenses:
Waiver of Surrender Charge:
10% Annual Free Withdrawal:
Tax Deferral of Profits:
If you wish to review extreme basics about the types of Annuities in general, including definitions, and terminology go to the page to the page entitled “ Annuities Explained.” Italicized means to hyperlink it.
This Site is Not Tax or Legal Advice. Always consult Legal Counsel and Your Tax Advisor. Content of website are the sole opinions of Robert Fulton & does not necessarily reflect those of Fulton Financial Consultants, Inc.'s Investor/Lenders or insurance companies or other product vendors. Because one of my product lines is that of Reverse Mortgages I must state the following: If the borrower does not meet loan obligations such as taxes and insurance, then the reverse mortgage will have to be repaid." The Terms, benefits and features shared as accurately as possible on best efforts basis and subject to change without notice. Therefore please discuss any decision making specifics with Robert Fulton 360-222-3236. "This material is not from HUD or FHA and has not been approved by HUD or any government agency."