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Equity Indexed Annuities
 Equity Indexed Annuities (EIAs) are characterized
by a contract return that is the greater of an annual minimum rate
(typically 3%) or the turn from a stock market index, such as the Standard &
Poor's 500 index, reduced by certain expenses and formulas. If the chosen
index rises sufficiently during a specific period, a greater return is
credited to the contract owner's account for that period. If the stock
market index does not rise sufficiently, or even declines, the lower minimum
rate is credited. An owner is guaranteed to receive back at least all
principal, if an EIA contract is held for a minimum period of time.
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