Index Annuity Questions You Should Ask Your Agent Or The Company

• What is the guaranteed minimum interest rate?
• How Long is the term?
• What is the participation rate? For how long is the PR rate guaranteed?
• Is there a minimum participation rate?
• Does my contract have an interest rate cap? What is it?
• Does my contract have an interest rate floor? What is it?
• Is interest rate averaging used?  How does it work?
• Is interest compounded during a term? 1:35 min. video
  
• Is there a margin, spread, or administrative fee? Is that in addition to or instead of a participation rate?
• What indexing method is used in my contract?
• Whats are the surrender charges or penalties if I want to end my contract early and take out all of my money?
  
• Can I get a partial withdrawal without paying charges or losing interest? Does my contract have vesting? Is so, what is the rate of vesting?