Are Fixed Indexed Annuities FDIC Insured?

Shawn Plummer

CEO, The Annuity Expert

Are Fixed Indexed Annuities FDIC Insured?

No, Fixed Indexed Annuities (FIAs) are not insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC primarily provides insurance for deposit accounts in banks, such as savings accounts, checking accounts, and certificates of deposit (CDs).

Who Insures Fixed Indexed Annuities?

  1. Insurance Companies: FIAs are insurance products and are backed by the financial strength and claims-paying ability of the issuing insurance company.
  2. State Guaranty Associations (SGA): In the event of an insurance company failure, State Guaranty Associations provide a safety net for policyholders. Each state has its own limits on the coverage amount.

Why Aren’t FIAs FDIC Insured?

Risk Considerations

  • Company’s Financial Health: The safety of your FIA depends on the issuing insurance company’s financial stability.
  • State Limits: SGA coverage varies by state, and there are limits to the amount of protection offered.


Fixed Indexed Annuities are not FDIC insured but are protected by the issuing insurance companies and the State Guaranty Associations. It’s crucial to understand the nature of this insurance and the risk factors involved. Contact us today for a free quote.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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