Typically, market based annuities will only pay about 85 percent of market increases, and will warrant that you will not lose money. But, the warranty only applies from the date you made the deposit until the date you cash out. It does not apply on a incremental year to year basis. So, if you purchased the annuity in 2005 and cashed out in 2018, you would only receive 85 percent of the total market gains during those 13 years. You would only benefit from the warranty if you cashed out when the market was lower than when you purchased it, which is not the case from 2005 to 2018. If your annuity is different, I apologize.
Last edited by retiredguy123; 07-18-2018 at 07:08 PM.
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