Fixed Indexed Annuities- FIA

I recently went to a sales meeting where some of the biggest carriers in the indexed annuity business were present and they all were using the new name of Fixed Indexed Annuity, or FIA for short, and had dropped the word "equity" from the name completely. If you read my recent post of "There is no EQUITY in Equity Indexed Annuities," you can see one of the reasons for this change. Another reason obviously is the volume of negative publicity these wonderful insurance products have received simply by having this verbal reference to equity products. I applaud these companies for this adjustment in the label we use for indexed annuities, and recommend that all agents begin to use this new reference immediately, which accurately describes this insurance product, and never let the "E" word cross your lips again.