Was looking for any advice on this subject since I have very little experience in finance!
Funds invested in an annuity is referred to as “premium payments.” The premium’s growth is based on several factors:
a. Growth of the index that is selected for the Annuitants premium deposit
b. Premium percentage bonus, which is offered by most annuities
c. Annual “rollup”, i.e., simple or compound interest credited to the annuity account value
d. Participation Rate (“Par Rate”), a percentage of the index returns that is credited to the annuity account value