​​​​​​​​FIAs With Income Riders Solve For Guaranteed Future Lifetime Income

​​​​​​​​​​Multi-Year Guarantee Annuity Sample Rates

​​​​​​​​Solve For Fixed Income (And Part Of Your Fixed Income Asset Allocation)

​​​​​​​​Solve For Principal Protection

FIAs can be purchased for their principal protection, fixed income and/or tax-deferred growth … or for their guaranteed future lifetime income. 

Most FIAs offer optional Income Rider guarantees for you to create your own efficient "pension-like" guaranteed income stream for life.  FIAs with Income Riders compete with Deferred Income Annuities (DIAs) to deliver you guaranteed future lifetime income. 

Sometimes FIAs with Income Riders will generate the highest guaranteed income stream for life, and sometimes DIAs will generate the highest number.  If you’re looking for guaranteed future lifetime income, we will quote both strategies among the highest rated insurance companies to find the best contractual guarantee unique to your financial situation and retirement income planning goal. 

FIAs With Income Riders, and their ability to create guaranteed future lifetime income, are explored in a separate section under the Retirement Income Planning menu tab.

​​​​​​​​Solve For Principal Protection

MYGA Summary

​​​​​​​​​​​Delivering You Principal Protection, Fixed Income, Tax-Deferred Growth And Guaranteed Future Income

​​​​​​​​Solve For Fixed Income (And Part Of Your Fixed Income Asset Allocation)

​​​​​​​​Interest Rate Crediting Strategies

We Are Here To Help You Make An Informed Decision

Green Pastures is a big proponent of keeping things simple.  When you get to a certain point in life, there's a tendency to want to simplify your life - including your investment and retirement income planning portfolio - and Fixed Index Annuities can help you accomplish this goal. 

​We believe the best way to put FIAs to use is in conjunction with your investment portfolio.  If you are nearing or in retirement, you may want to consider diversifying a portion of your investment portfolio into FIAs, to de-risk some of your investment portfolio from equities, as part of your fixed income allocation and overall retirement income plan. 

While FIAs aren't for everyone, they are a great transfer of risk solution that specifically solve for principal protection and fixed income that can grow and compound tax-deferred.  FIAs with Income Riders help you create your own efficient "pension-like" guaranteed income stream for life.  If you need to solve for one of these items, then you may want to consider adding a FIA to your long term investment and retirement income portfolio.

"Enjoy The Upside Of Limiting The Downside!"

"Steadily Growing... Safe And Secure!"

Contrary to the oftentimes misleading sales pitches that you may hear about Fixed Index Annuities, they are NOT investments with market-like returns.  The reality is that Fixed Index Annuities ("FIAs") were designed to compete with CDs, bonds, MYGAs and other fixed-income products - not the stock market.  A FIA is not an investment in the stock market - and contrary to what many investors believe - FIAs are not variable annuities.

 Many folks turn to FIAs – not bonds or cash – for their fixed income allocations, to complement equities and help improve portfolio performance, especially during rising interest rate environments, when bonds may lose value and inflation may erode the value of cash.

​​​​​​​​​​​​​How MYGAs Work

When MYGAs mature, you may choose to:
> Cash in and surrender your contract without penalty,
> Renew your contract at the renewal rate, or
> Exchange or transfer your contract to another higher yielding MYGA or other type of annuity without tax consequences to continue deferring taxes until later in retirement when you may be in a lower tax bracket and taxed at a lower rate. * 

Another difference between MYGAs and CDs is the backing or insurance behind each product.  MYGAs are issued by life insurance companies and guarantees are backed by the financial strength and claims paying ability of the issuing insurance company. 

Green Pastures works with only the highest rated insurance companies in the industry – be wary of sales pitches with high interest MYGAs issued by financially weak and low rated insurance companies.  MYGAs are regulated at the state level. Each state has its own State Guaranty Fund that backs MYGAs to a specific dollar amount.  Visit www.nolga.com to check your specific state of residence coverage.  CDs are FDIC insured. 

MYGAs can be established with one owner or with joint ownership. 

Beneficiaries can be changed by the owner(s) at any time as long as they are alive – revocable beneficiaries are important should you ever need to change your beneficiaries.  If you should die before liquidating a MYGA, your beneficiaries will get the remaining value of your MYGA as a death benefit – not the insurance company! 

FIAs offer you a unique "floor-with-upside" method of crediting interest.  FIAs will pay you a minimum guaranteed rate of return for the life of the contract (the "floor") - but also provide you with the potential to earn higher interest rates via other interest rate crediting strategies (the "upside") - and you earn the higher of the "floor" or "upside", for the life of the contract.

FIAs are insurance products that protect your principal from market losses, provide some market upside, and allow your interest to grow and compound tax-deferred. 

With the yield on the 10-year Treasury currently hovering well below two percent, everyone is searching for yield.  But most importantly, folks want to make sure their principal is safe and fully protected - and that's a difficult combination.  With FIAs, your principal is protected - and there is a possibility for gains a little higher than MYGAs (Multi Year Guarantee Annuities).


   Principal Protected Income Solutions

Following is a summary of key features and benefits that FIAs offer:


  • Most FIAs Have No Annual Fees (if no Income Rider is attached).
  • Principal Protection: Unlike variable annuities that can lose value, FIAs are not subject to penalties or market losses if held to maturity.  Your principal is fully protected against stock or bond market downturns and is guaranteed by the assets of the insurer.  We work with only the highest rated insurance companies in the industry. *, **
  • Sequence Of Returns Risk Mitigation: FIAs help protect your income from stock or bond market down turns as you near or are in retirement, lowering your stress level, and giving you Peace Of Mind.
  • FIAs Can Become A Part of Your Fixed Income Allocation Within Your Overall Investment And Retirement Income Planning Portfolio.
  • Potential To Outperform CDs and MYGAs (not the stock market).
  • Guaranteed Minimum Return
  • Interest Rate Crediting Strategies: Strategy choices can be changed annually.
  • Gains Permanently Locked In On Contract Anniversary Dates: Gains can be sent directly to your bank account… or automatically added to your annuity contract to compound and grow tax-deferred.
  • Can Be Used To Create Income Ladders That Mature At Different Ages In The Future: Similar to laddering CDs or bonds, FIAs work well in conjunction with other FIAs, MYGAs, SPIAs, DIAs and QLACs to create annuity income ladders.
  • Penalty-Free And Systematic Withdrawal Options: Most (not all) FIA contracts allow you to withdraw up to a specified percentage of interest and/or principal each year during the life of the contract without being subject to an early surrender charge.
  • Flexible Funding: All FIA policies can be funded with a lump sum and some FIAs allow you to add money over time.
  • Can Be Purchased In IRA, Roth IRA And Non-IRA Accounts ***
  • Your Interest Can Compound And Grow Tax Deferred In Non-IRA AccountsUnlike CDs, the interest on FIAs compounds and grows tax deferred in non-qualified accounts (for example, assets held in individual or joint accounts) until the money is withdrawn.  When FIAs mature, they can be renewed, exchanged or transferred to another FIA or other annuity without tax consequences to defer taxes until later in retirement when you may be in a lower tax bracket and taxed at a lower rate. ****
  • May Reduce Or Eliminate Taxes On Social Security Income: Potentially up to 85% of your Social Security benefits may be subject to income tax depending upon: (a) your Social Security benefits, (b) the amount of income you are earning, and (c) the sources of your income during retirement.  Unlike interest on taxable bonds, municipal bonds, CDs, savings accounts, and money market accounts that is used to help calculate what percentage of your Social Security benefits will be taxed each year, interest on FIAs can compound and grow tax-deferred and be excluded from that calculation until the interest is withdrawn.  By moving some of your funds into a FIA, you may be able to reduce or eliminate taxes on your Social Security income, by controlling the timing and amount of distributions from your FIA. *****
  • Protection From Creditors And Predators: If you are a high net worth individual looking for both creditor and predator protection - fixed annuities are fully protected and shielded from creditors and frivolous lawsuits in certain states - and can provide the legal and safety net to fully protect your assets.
  • Income Riders Can Be Attached For Future Guaranteed Lifetime Income
  • Some Income Rider Benefits Provide Confinement Care
  • Can Be Converted To A SPIA For Lifetime Income Guarantees
  • May Avoid Probate: Any remainder in your FIA can usually efficiently pass outside of probate and be paid discreetly and directly to your heirs (not the insurance company) within days after all required paperwork is received in good order.  That allows your loved ones to bypass the long, painful and costly probate process - saving them time, court costs, administrative costs and legal fees - and leaves your heirs money instead of family court battles and legal fees.*****
  • Spousal Beneficiaries And Inherited FIAs: Any taxes owed on distributions are deferred until you receive them.  Spousal Beneficiaries may elect to: (a) switch the FIA into his or her own name and continue enjoying the benefit of compound tax-deferred growth, (b) receive a lump sum payment, or (c) receive payments over a longer period to potentially reduce taxes on inherited FIAs. ******
  • Non-Spousal Beneficiaries And Inherited FIAs: Any taxes owed on distributions are deferred until you receive them.  Non-Spousal Beneficiaries may elect to: (a) receive a lump sum payment, or (b) receive payments over a longer period (up to five years) to potentially reduce taxes on inherited FIAs. ****** 


* Surrender charges, market value adjustments and other contract charges may apply that can reduce the principal if liquidated before maturity.
** Guarantees are backed by the financial strength and claims paying ability of the issuing insurance company.
*** The purchase of an annuity within a retirement plan that already provides tax deferral under sections of the Internal Revenue Code results in no additional tax benefits.  An annuity should be used to fund a qualified plan based upon the annuity’s features other than tax deferral.  All annuity features, risks, limitations, and costs should be considered prior to recommending the purchase of an annuity within a tax-qualified retirement plan.  In addition to surrender charges, withdrawals are subject to income tax.
**** The insurance company charges no liquidation penalty if held until maturity; however, similar to assets held in an IRA, FIAs are typically designed for long-term tax-deferred investing.  If you take withdrawals before you reach age 59 1/2, then you may have to pay a 10% early withdrawal federal tax penalty in addition to ordinary income taxes.  You should request and review a product Fact Sheet, for complete information and restrictions that may apply, prior to making any decision to purchase a FIA product.
***** Please consult with and rely on your own legal or tax advisor and refer to your contract.
****** Please consult with and rely on your own legal or tax advisor and refer to your contract for situations of joint owners and annuitants.

Green Pastures is a big proponent of keeping things simple.  When you get to a certain point in life, there's a tendency to want to simplify your life - including your investment and retirement income planning portfolio - and Multi-Year Guarantee Annuities can help you accomplish this goal. 

​We believe the best way to put MYGAs to use is in conjunction with your investment portfolio.  If you are nearing or in retirement, you may want to consider diversifying a portion of your investment portfolio into MYGAs, to de-risk some of your investment portfolio from equities, as part of your fixed income allocation and overall retirement income plan. 

While MYGAs aren't for everyone, they are a great transfer of risk solution that specifically solve for principal protection and fixed income that can compound and grow tax-deferred.  If you need to solve for one of these items, then you may want to consider adding a MYGA to your long term investment and retirement income portfolio. 

The best way to gain an understanding of how MYGAs work is to request a Personalized Annuity Illustration unique to your situation.  We will help you make an informed decision and select the best MYGA rates available among the highest rated insurance companies that fit your unique financial situation and retirement income planning goals. 

Simply call Green Pastures at 203.452.8100, email lee@greenpastureswm.com or use the
Contact Us tab. We’re here to help!

FIA Summary

Key Features And Benefits

* Surrender charges, market value adjustments and other contract charges may apply that can reduce the principal if liquidated before maturity.
** Guarantees are backed by the financial strength and claims paying ability of the issuing insurance company.
*** The purchase of an annuity within a retirement plan that already provides tax deferral under sections of the Internal Revenue Code results in no additional tax benefits.  An annuity should be used to fund a qualified plan based upon the annuity’s features other than tax deferral.  All annuity features, risks, limitations, and costs should be considered prior to recommending the purchase of an annuity within a tax-qualified retirement plan.  In addition to surrender charges, withdrawals are subject to income tax.
**** The insurance company charges no liquidation penalty if held until maturity; however, similar to assets held in an IRA, MYGAs are typically designed for long-term tax-deferred investing.  If you take withdrawals before you reach age 59 1/2, then you may have to pay a 10% early withdrawal federal tax penalty in addition to ordinary income taxes.  You should request and review a product Fact Sheet, for complete information and restrictions that may apply, prior to making any decision to purchase a MYGA product.
***** Please consult with and rely on your own legal or tax advisor and refer to your contract.
****** Please consult with and rely on your own legal or tax advisor and refer to your contract for situations of joint owners and annuitants.​

Following is a summary of key features and benefits that MYGAs offer:

  • MYGAs Have No Annual Fees
  • Simple: Once a MYGA is funded, the only work on your part is to collect your regular payments... which can be sent directly to your bank account... or automatically added to your annuity contract to compound and grow tax-deferred.
  • Principal Protection: MYGAs are not subject to penalties or market losses if held to maturity.  Your principal is fully protected against stock or bond market downturns and is guaranteed by the assets of the insurer.  We work with only the highest rated insurance companies in the industry. *, **
  • Non-Correlated To The Stock Market
  • Sequence Of Returns Risk Mitigation: MYGAs help protect your income from stock or bond market down turns as you near or are in retirement, lowering your stress level, and giving you Peace Of Mind.
  • MYGAs Can Become A Part of Your Fixed Income Allocation Within Your Overall Investment And Retirement Income Planning Portfolio.
  • Typically Higher Interest Rates Than U.S. Treasury Securities And CDs: Similar to CDs, MYGAs provide a fixed rate of interest for a guaranteed term, typically as short as two years and up to 10 years.  MYGA interest rates are generally higher than U.S. Treasury Securities and CD rates with the same maturity.
  • Can Be Used To Create MYGA Income Ladders That Mature At Different Ages In The Future: Similar to laddering CDs or bonds, MYGAs work well in conjunction with other MYGAs, FIAs, SPIAs, DIAs and QLACs to create annuity income ladders.
  • Penalty-Free And Systematic Withdrawal Options: Most (not all) MYGA contracts allow you to withdraw up to a specified percentage of interest and/or principal each year during the life of the contract without being subject to an early surrender charge.
  • Can Be Purchased In IRA, Roth IRA And Non-IRA Accounts ***
  • Your Interest Can Compound And Grow Tax Deferred In Non-IRA Accounts: ​Unlike CDs, the interest on MYGAs compounds and grows tax deferred in non-qualified accounts (for example, assets held in individual or joint accounts) until the money is withdrawn.  When MYGAs mature, they can be renewed, exchanged or transferred to another MYGA or other annuity without tax consequences to defer taxes until later in retirement when you may be in a lower tax bracket and taxed at a lower rate. ****
  • May Reduce Or Eliminate Taxes On Social Security Income: Potentially up to 85% of your Social Security benefits may be subject to income tax depending upon: (a) your Social Security benefits, (b) the amount of income you are earning, and (c) the sources of your income during retirement.  Unlike interest on taxable bonds, municipal bonds, CDs, savings accounts, and money market accounts that is used to help calculate what percentage of your Social Security benefits will be taxed each year, interest on MYGAs can compound and grow tax-deferred and be excluded from that calculation until the interest is withdrawn.  By moving some of your funds into a MYGA, you may be able to reduce or eliminate taxes on your Social Security income, by controlling the timing and amount of distributions from your MYGA. *****
  • Protection From Creditors And Predators: If you are a high net worth individual looking for both creditor and predator protection - fixed annuities are fully protected and shielded from creditors and frivolous lawsuits in certain states - and can provide the legal and safety net to fully protect your assets.
  • Can Be Converted To A SPIA For Lifetime Income Guarantees
  • May Avoid Probate: Any remainder in your MYGA can usually efficiently pass outside of probate and be paid discreetly and directly to your heirs (not the insurance company) within days after all required paperwork is received in good order.  That allows your loved ones to bypass the long, painful and costly probate process - saving them time, court costs, administrative costs and legal fees - and leaves your heirs money instead of family court battles and legal fees.*****
  • Spousal Beneficiaries And Inherited MYGAs: Any taxes owed on distributions are deferred until you receive them.  Spousal Beneficiaries may elect to: (a) switch the MYGA into his or her own name and continue enjoying the benefit of compound tax-deferred growth, (b) receive a lump sum payment, or (c) Receive payments over a longer period to potentially reduce taxes on inherited MYGAs. ******
  • Non-Spousal Beneficiaries And Inherited MYGAs: Any taxes owed on distributions are deferred until you receive them.  Non-Spousal Beneficiaries may elect to: (a) receive a lump sum payment, or (b) receive payments over a longer period (up to five years) to potentially reduce taxes on inherited MYGAs. ******


​​​​​​​​​​​Delivering You Principal Protection, Fixed Income And Tax-Deferred Growth

"A Floor-With-Upside Approach To Income"

​​​​​​​​​​Solve For Tax-Deferred Growth

When FIAs mature, you may choose to:
(1) Cash in and surrender your contract without penalty,
(2) Renew your contract at the renewal rate, or
(3) Exchange or transfer your contract to another potentially higher yielding FIA or other type of annuity without tax consequences to continue deferring taxes until later in retirement when you may be in a lower tax bracket and taxed at a lower rate. * 

FIAs are issued by life insurance companies and guarantees are backed by the financial strength and claims paying ability of the issuing insurance company.  Green Pastures works with only the highest rated insurance companies in the industry – be wary of sales pitches of FIAs with high rate caps issued by financially weak and low rated insurance companies.  FIAs are regulated at the state level. Each state has its own State Guaranty Fund that backs FIAs to a specific dollar amount.  Visit www.nolga.com to check your specific state of residence coverage. 

FIAs can be established with one owner or with joint ownership. 

Beneficiaries can be changed by the owner(s) at any time as long as they are alive – revocable beneficiaries are important should you ever need to change your beneficiaries.  If you should die before liquidating a FIA, your beneficiaries will get the remaining value of your FIA as a death benefit – not the insurance company!

​​​​​​​​​FIXED INDEX ANNUITIES ("FIA") - For Accumulation

Most FIAs typically offer several interest rate crediting strategies to choose from.  Interest is credited based on the changes to a market index, such as the S&P 500, Nasdaq 100, Russell 2000, etc. 

When the index value increases, interest is credited up to a pre-determined Cap Rate, Participation Rate, Spread Rate or Margin.  When the index value decreases, the interest rate is guaranteed never to be less than zero.  Your principal, as well as all previously credited interest earnings, can never be lost and are always protected from any downturn in the market.           

The most frequently used interest rate crediting strategies are:
> Annual Point-to-Point
> Multi-Year Point-to-Point
> Monthly Point-to-Point
> Monthly Averaging
> Daily Averaging
 

For example, the popular Annual Point-to-Point interest rate crediting strategy provides you with the potential to earn interest at rates capped to a portion of the annual contract anniversary increase in the Standard & Poor's 500 Composite Stock Price Index (the "S&P 500"). 

​For purposes of analysis, let's assume you invest in a 5-year FIA, and you select the Annual Point-to-Point interest rate crediting strategy that is capped at 8.75% of the increase 
in the S&P 500 for the first contract anniversary year:

(1) Worst Case Scenario: If the S&P 500 loses money over the next 12 months, then this interest rate crediting strategy will earn 0% interest for the first contract year - guaranteed to protect your principal and NOT lose any money - even if the S&P 500 crashes like in 2000-2002 and 2007-2009;

(2) Middle Of The Road Scenario: If the S&P 500 gains anywhere between 0% and 8.75% (the assumed cap rate for this example for the 1st contract year), then this interest rate crediting strategy will earn the same percentage of interest that the S&P 500 gains up to the 8.75% cap for the first contract year; and

(3) Best Case Scenario: If the S&P 500 gains equal to or greater than 8.75% (the assumed cap rate for this example for the 1st contract year), then this interest rate crediting strategy will earn 8.75% for the first contract year. 

Notes:
(a) The interest rate crediting strategy gains are locked in annually on each contract anniversary date,
(b) The interest rate crediting strategies typically can be changed annually throughout the contract period (and you typically can combine different interest rate crediting strategies),
(c) The interest rate crediting strategy rate caps, spread, and participation rates typically change each year, and
(d) The ratings, fixed rates and availability are subject to change at any time. 

Most FIAs have no annual fees (if no Income Rider is attached). 

The majority of FIAs range from as short as three years to as long as 10 years. 

Most (not all) FIA contracts allow you to withdraw up to a specified percentage of interest and/or principal each year during the life of the contract without being subject to an early surrender charge.  This penalty-free strategy can be used in conjunction with Social Security, pensions, etc. as part of your retirement income plan.

​​​​​​​​​MULTI-YEAR GUARANTEE ANNUITIES ("MYGA")

 Below is a sample of Multi-Year Guarantee Annuity Rates as of the date shown below.  Prices, ratings, yields, rates and availability shown are subject to change at any time. 

​​Goals Based Investing  |  Retirement Income Planning  |  Annuities

G R E E N  P A S T U R E S  W E A L T H  M ​A N A G E M E N T

​​​​​​​​Solve For Tax-Deferred Growth

MYGAs are used for clients nearing or in retirement and are designed to fully protect your principal from any stock or bond market downturns.  MYGAs are non-correlated to the stock market and can help mitigate Sequence Of Returns Risk by lowering the risk of your overall long term investment and retirement income portfolio, helping you stay the course on your long term plan. 

​​​​​​​​​​Additional Considerations

​​​​​​​​​​Solve For Annuity Rescue

Investors can’t count on traditional bond portfolios for safety or yield these days, so they’re turning to the simplest annuity of all – the Multi-Year Guarantee Annuity (“MYGA”). 

MYGAs, also known as Fixed Rate Annuities or CD Type Annuities, are essentially the insurance industry’s version of a tax-deferred Certificate Of Deposit (“CD”).  MYGAs provide a predetermined and contractually guaranteed interest rate for a specified number of years. 

Many folks turn to MYGAs – not bonds or cash – for their fixed income allocations, to complement equities and help improve portfolio performance, especially during rising interest rate environments, when bonds may lose value and inflation may erode the value of cash.

The primary functional difference between a MYGA and a CD is with MYGAs held in non-qualified accounts (for example, assets held in individual or joint accounts that you already paid taxes on) - you don't pay taxes on the interest until the money is withdrawn - so your interest can compound and grow tax-deferred.  With CDs held in non-qualified accounts, you have to pay taxes on the interest annually. 

​​​​​​​​Additional Considerations

If you own an existing fixed or variable annuity, you may want to explore the potential opportunity of exchanging or transferring your current annuity into a MYGA.  Our freeANNUITY RESCUE SERVICE can provide you with an evaluation of your existing annuity contracts to determine if it is possible to achieve your goals more efficiently. * 

FIAs are more complex than MYGAs and understanding the ins and outs of FIAs, along with product variations and the many different options available, may require additional expertise.  Before you decide to buy a FIA, you need to fully understand the benefits and limitations. 

We will help you make an informed decision and select the best FIA interest rate crediting strategies available among the highest rated insurance companies that fit your unique financial situation and retirement income planning goals. 

We will provide you with a FIA Client-Approved Brochure and Personalized Annuity Illustration unique to your situation, with complete information and restrictions that may apply, prior to you making any decision to purchase a FIA. 

Simply call Green Pastures at 203.452.8100, email lee@greenpastureswm.com or use the
Contact Us tab. We’re here to help!

 

​​​​​​​​Solve For Annuity Rescue

FIAs are used for clients nearing or in retirement and are designed to fully protect your principal from any stock or bond market downturns.  FIAs can help mitigate Sequence Of Returns Risk by lowering the risk of your overall long term investment and retirement income portfolio, helping you stay the course on your long term plan.

Similar to CDs, MYGAs contractually guarantee a specific annual interest rate for a specified number of years (or an effective yield for the life of the annuity contract) that you choose at the time of application.  MYGAs have no annual fees and no moving parts. 

Unlike CDs, MYGA interest rates are often higher, allowing the possibility for greater accumulation over the life of the annuity.  Generally, we have found that MYGAs provide higher rates than CDs when the contractual period is three years or more.  Conversely, we have found that CDs generally provide higher rates than MYGAs when the contractual period is less than three years. 

The majority of MYGAs range from as short as two years to as long as 10 years. 

Most (not all) MYGA contracts allow you to withdraw up to a specified percentage of interest and/or principal each year during the life of the contract without being subject to an early surrender charge.  This penalty-free strategy can be used in conjunction with Social Security, pensions, etc. as part of your retirement income plan. 

If you own an existing fixed or variable annuity, you may want to explore the potential opportunity of exchanging or transferring your current annuity into a FIA.  Our free ANNUITY RESCUE SERVICE can provide you with an evaluation of your existing annuity contract(s) to determine if it is possible to achieve your goals more efficiently. *

​​​​​​​​​​​​​How FIAs Work

​​​​​​​​Key Features And Benefits

MYGAs provide a minimum guaranteed rate of return if you are looking to de-risk some of your investment portfolio from equities as part of your fixed income allocation.

If you purchase a FIA in a non-qualified account (for example, assets held in individual or joint accounts that you already paid taxes on) - you don't pay taxes on the interest until the money is withdrawn - so your interest can grow and compound tax-deferred.