Is An Equity Indexed Annuity A Variable Annuity? 
In Canada , viable annuities are typically called segregated funds . They are also sometimes called GIFs or Guaranteed Investment Funds . Similar to mutual funds , but with guarantees The investment could mirror an Index and as such the performance could be considered to be Equity Indexed . Annuities can be complicated . An independent life insurance broker can help you find the plan that is right for you . If you have further questions or feel that I could be of assistance , please do not hesitate to contact me . 