Best Fixed Index Annuity Rates in Illinois
Index-linked growth with principal protection from 11 carriers licensed in Illinois, refreshed every market day. Your account value never drops from market losses.
Showing 21 Fixed Index Annuities
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What is a fixed index annuity?
A fixed index annuity (FIA) is an insurance contract that pairs principal protection with market-linked growth. When the index you're tied to (typically the S&P 500) rises, the carrier credits a portion of that gain to your account, up to a cap or participation rate. When the index falls, your account value stays flat. You never lose money to market movement.
Compared with a fixed annuity, you trade a contractually guaranteed interest rate for the chance at higher index-linked credits. Compared with a variable annuity, you trade the upside of being directly invested for the certainty of a 0% floor. The result is a middle path: more potential than a CD, less risk than the market, with a tax-deferred growth wrapper.
FIAs are most useful in the 5 to 15 years before retirement: long enough for the index links to do meaningful work, close enough to your draw-down phase that the principal protection matters.
The terms you'll see on every product page.
- Cap rate
- The maximum annual credit you can earn on an FIA. If the cap is 6.25% and the index returns 10%, your credit is 6.25%.
- Participation rate
- The percentage of the index's gain credited to your account. At 150% participation with an 8% index gain, you'd earn 12%.
- Floor
- The minimum credit you can receive in a given term. Almost all FIAs use a 0% floor, so your account value can never decrease from index movement.
- Spread
- A flat amount subtracted from the index's return before crediting. With a 2% spread and an 8% index return, you'd earn 6%.
- AM Best rating
- An independent grade of an insurer's financial strength. A- or better is considered strong. We surface AM Best ratings on every product.
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“I had no idea how a fixed annuity actually worked before. This walked me through it in plain English and made the trade-offs really easy to see.”
