Why Is An Equity Indexed Annuity Considered To Be A Fixed Annuity? 
Because it a FIXED AND GUARANTEED RATEBOF RETURN . You ca n't lose your principle and average GUARANTEED rates are around 2 % on the low end to 4 % on the high end . You get a nominal/limited upside gain of the stock market along with knowing you ca n't lose any money . Somewhat fixed . 