A registered index-linked annuity (RILA) offers growth potential based on index strategies that track market performance, but you are not directly invested in the market.
They can be a good choice if you’re willing to take on market risk but also want some control over how much risk you take on.
There are two types of protection to help limit loss.
Your retirement savings has the potential to grow based on the performance of index strategies.
Its tax-deferred status allows you to benefit from compounded growth.
You can be partially protected from market volatility based on the type of protection you select.
RILAs are complicated investments, so your financial professional can advise if they are a suitable purchase based on your situation or objectives.
You assume the losses that aren’t covered by the protection level, and if the contract loses value before the end of the strategy term you may experience a loss within the protection level.
Fees and charges of an annuity may vary and are generally subtracted from the earnings.