Is An Indexed Annuity A Fixed Annuity? 
That is a great question . And the answer is no sir , they are very different . With a fixed annuity , you are guaranteed a rate of interest that will be paid on your annuity . On the indexed one , the interest rate will vary , based upon the performance of the index that the rate is tied to . That interest rate will also be influenced by whatever cap rates , participation rates , and crediting strategy is chosen . With the fixed annuity , you have the certainty of knowing the end result , with the indexed product , it 's anybody 's guess . I hope that helps , thanks for asking ! 