An insurance product with an investment element   Fixed Indexed Annuities (FIAs) continue to grow in popularity. FIA sales in the U.S. were a record $53 billion in 2015, an increase of 13 percent over 2014, according to Wink’s Sales & Market Report. FIAs have also attracted the attention of brokers who previously sold only stocks, bonds and funds. Transform savings into income. When you purchase an annuity, you are exchanging a lump sum of money for an agreed upon income stream. Fixed annuities are appealing to retirees because they transform savings into a predictable income. Growth potential. While FIAs
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