Market stress test

Calendar-year S&P 500 price returns, excluding dividends; historical segments repeat to 30 years. COVID’s 2020 annual return was positive despite its intra-year crash. Source: Slickcharts S&P 500 price-return history. FIA uses a 0% index floor, plus fees and equal withdrawals.

Hypothetical illustration for educational purposes only. Not a carrier illustration. Guarantees are backed by the claims-paying ability of the issuing insurer. Index annuities are not securities and do not directly participate in the stock market. Refer to the carrier's official illustration and disclosure.

$0 negative index credits does not mean $0 account losses. Rider fees, withdrawals, surrender charges and MVA can reduce value. A lifetime-income rider may continue eligible payments after account value reaches zero.

Same returns, different order

Reversing the sequence changes the market’s exhaustion point from 10 years to 14 years.