Fixed index annuity explainer

Video Duration: 1 minute 30 seconds

Why choose a fixed index annuity: Elapsed time 0 seconds [00:00]

You're doing the right thing by putting money aside so you can enjoy a secure future. You may have considered investing, but the ups and downs of the stock market may make you nervous. If you're looking for protected growth with low risk, a USAA Fixed Indexed Annuity might be the right choice for you.

What is a fixed index annuity: Elapsed time 17 seconds [00:17]

A fixed index annuity, or FIA, is an annuity that gains interest based on how the S&P 500 market index performs each year up to a certain limit. And since your money isn't directly invested into the stock market, the money you put in is protected against any downturns.

That means even if the S&P 500 has a year with negative returns, your account will not lose money or gain interest.

The interest you earn is tax-deferred, so you won't pay taxes until you withdraw your money. As a result, your money grows faster allowing you to earn even more.

Plus, you can feel confident knowing that your money is backed by the financial strength of USAA Life Insurance Company.

Summary of benefits: Elapsed time 1 minute 1 second [01:01]

So, if you are looking for protected growth with potential to earn more than a fixed rate, tax-deferred growth potential and an optional source for guaranteed income, a fixed index annuity may fit your needs.

Schedule a call with a USAA Retirement Income Specialist today to see if a fixed index annuity is right for you.

Description of visual information: [The "S&P 500®" is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by USAA LIFE USAA LIFE INSURANCE COMPANY AND USAA LIFE INSURANCE COMPANY OF NEW YORK. S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones. ® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by USAA LIFE INSURANCE COMPANY AND USAA LIFE INSURANCE COMPANY OF NEW YORK. USAA Fixed Indexed Annuity is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500®.

Money not previously taxed is taxed as income when paid. Withdrawals before age 59 1/2 may be subject to a 10% federal tax penalty.

An annuity is a long-term insurance contract sold by an insurance company designed to provide an income, usually after retirement, that cannot be outlived. There are fees, expenses and surrender charges that may apply.

Examples given are hypothetical illustrations and not necessarily an indication of the benefits or features of any USAA product.

Fixed Indexed Annuity (FIA): Forms ICC2399755 06-23, ASP504431ST 07-23, ASP504389FL 07-23

Life insurance and annuities provided by USAA Life Insurance Company, San Antonio, TX and in New York by USAA Life Insurance Company of New York, Highland Falls, NY. All insurance products are subject to state availability, issue limitations and contractual terms and conditions. Each company has sole financial responsibility for its own products.

Fixed Indexed Annuity (FIA) material is not intended for residents of Idaho, North Dakota or Oregon.

Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims-paying ability and financial strength.

Company ratings represent an opinion of financial strength and the company's ability to meet ongoing obligations to policyholders.] End of description.

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