You should ask the following questions about fixed indexed annuities in addition to the questions in the Annuity Buyer's Guide to Fixed Deferred Annuities.

• How long is the term?
• What is the guaranteed minimum interest rate?
• What is the participation rate? For how long is the participation rate guaranteed?
• Is there a minimum participation rate?
• Does my contract have an interest rate cap? What is it? Index Annuities Does my contract have an interest rate floor? What is it?
• Is interest rate averaging used? How does it work?
• Is interest compounded during a term?
• Is there a margin, spread, or administrative fee?  Is that in addition to or instead of a participation rate?
• What indexing method is used in my contract?
• What are the surrender charges or penalties if I want to end my contract early and take out all of my money?
• Can I get a partial withdrawal without paying charges or losing interest?  Does my contract have vesting?  If so, what is the rate of vesting?