Chartered Retirement Planning Counselor (CRPC®) Exam

How does a fixed indexed annuity (FIA) credit interest?

It directly participates in all stock index gains and losses It credits interest linked to an index subject to caps or participation rates while protecting principal from losses It invests directly in index mutual fund subaccounts It pays a fixed percentage of the index's annual value

Correct Answer:

It credits interest linked to an index subject to caps or participation rates while protecting principal from losses

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