Joanies Smiles

For example, many annuities guarantee the minimum value will never be less than 80 percent of the premium paid, plus at least 1% in annual interest (less any partial withdrawals). The guaranteed value is the minimum amount available during a term of withdrawals, as well as for some annuitizations (see “Annuity Income Payments”) and death benefits. The insurance company will adjust the value of the equity index annuity at the end of each term to reflect any index increases.