Is An Index Annuity Fixed Or Variable? 
An indexed annuity was initially a method to make the market participation of a variable annuity available to the fixed and guaranteed marketplace . The appropriate name for a `` index annuity '' is an Equity Indexed Annuities -LRB- EIA -RRB- . The idea of a variable indexed annuity is unusual but Allianz actually is offering a product with the name `` Index Advantage Variable Annuity '' . According to the Securities and Exchange Commission , there are three types of annuities . There are fixed , indexed or variable annuities . The vast bulk of indexed annuities are not registered with the SEC and are therefore considered `` fixed '' . Without more information to help you 'll have to accept that an indexed annuity is probably a fixed product but some carriers are creating variable indexed annuities . 