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Fun Facts (cont'd)

The Third Indexed Annuity

The Third Indexed Annuity was brought out using an American Actuary team for an American Insurance Company named American Life and Casualty Insurance Company (Conseco). The Annuity Store out of Sacramento California presented the idea and worked closely with AL&C to develop the “Eagle I” EIA product. This Equity Indexed Annuity became the first 100% American product.

The First Variable Annuity

The first VA was sold in the College and University market place for Qualified Retirement Plans in 1952. Today in the TSA or 403B market place Fixed and Fixed Indexed annuities are also sold.