My wife has a annuity her parents purchased for her ages ago (must be 30 years at least now). It appears to gain in value with prevailing interest rates, and it isn't tied to any underlying stock index, etc.
Looks like it is going up 4.5% or so right now
Is this a variable? A fixed? (unfortunately, the statement doesn't say anything about the terms, etc., just an amount during the period). The company is Jackson National Life.
Submitted January 13, 2019 at 11:18AM by Manny1400 http://bit.ly/2ALNayz
