With Fixed Indexed Annuities, premiums are tied to an index and credited in a similar fashion to IULs. As with IULs, Fixed Indexed Annuities offer principal protection and a death benefit, with the possibility for gains contingent upon market performance. A type of tax-deferred insurance product. Can be structured to provide income for life, acting as another resource for retirement income. Provides protection from market decline with a guaranteed floor.