While I agree 100%, I suspect that the name change from equity indexed annuities to fixed index annuities was to avoid any suggestion that the owner was investing in equities. I know at one time the SEC was considering whether these were an equity product.... which would have required a higher level of licensing that not all life insurance salespeople have so it would have made for a more difficult sale and a higher level of regulatory scrutiny. Also, the equity index juice is provide for by investments in equity based derivatives, not equities.
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56...target
65/35/0 AA TBD