(http://www.money-zine.com/Category/Retirement/)Equity indexed annuities, or EIA, are a unique type of annuity - one that's based on a stock market index, such as the S P 500, Dow Jones Industrial Average, or the Russell 1000. As a reminder, an annuity is defined as a contract with an insurance company in which the annuitant, or contract holder, agrees to make a payment or series of payments. In exchange, the insurance company agrees to supply the contract holder with a future source of income.
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