Who’s who in an FIA?

How Do Fixed Indexed Annuities Work?

Fixed index annuities or FIAs, are insurance contracts that can provide retirement income.  Payments are determined by the performance of an index, such as the S&P 500. Fixed index annuities can help you find the right approach to achieve your retirement goals. 

happy senior couple hiking index annuities warwick ri

The Main Roles of Fixed Indexed Annuities

Generally, there are four parties involved in fixed index annuities contracts:
Insurance Company

Annuities are issued by life insurance companies. And, the life insurance company guarantees the annuity.

Contract Owner

A contractor owner is the person who buys an annuity.


Often, owners and annuitants are the same people, but this is not always the case.


The beneficiary is the person who receives your death benefit when you pass away.

Choosing a Retirement Specialist

If you want more information about fixed indexed annuities, reach out to a retirement agent.  One retirement strategy does not fit all.  And, every agent is different. Good financial management can make a huge difference in your retirement. 

At GPS Retirement, we help our clients protect their retirement income.  Our team can provide more information regarding fixed index annuities. Contact us for a meeting at no cost to you.

Scroll to Top