Editing Fixed Index Annuities (section)

== Frequently Asked Questions ==

'''Is my money locked up forever?'''  
No. Most contracts allow 10% annual penalty-free withdrawals after the first year.

'''Are annuities taxed?'''  
Yes. Withdrawals are taxed as ordinary income.

'''Can I lose money?'''  
No. Your worst-case return is 0% in a down market.

'''What happens to the money when I die?'''  
With a named beneficiary, the remaining value goes directly to them—bypassing probate.