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Win-Win Investing

If someone told you they would guarantee that you win on your next trip to Las Vegas--if you promised to give them a small percentage of your winnings--would you do it? If so, you would probably like a relatively new financial product which has gained about $5 billion in American investment dollars: the equity-indexed annuity. This type of annuity is linked to the stock market through the S&P 500 index. When the index is up, your annuity investment grows in proportion to the market rise. When the market is down, you still grow at 3% to 4%. You are up whether the market is up or down! This article gives a realistic look at this innovative financial product.

Tue, 16 Nov 1999 13:35:03 -0800