Equity Index Annuities. Insurance product tied to stock index. Sold to older investors or unsophisticated investors. Recommended to shy away from these because of very high commission fees which may result in a conflict of interest. Very high surrender fees! They can be very attractive with guarantee returns but you will be required to annuitize. Better off with CDs or corporate bonds. You will only make money in one direction, check out other flexible and cheaper investment vehicles.

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