Is a fixed index annuity good for older persons.?

Yes. A Fixed Index Deferred Annuity offers the senior; [1] a fixed guaranteed interest rate annually, [2] additional growth potential with index market growth, [3] are tax deferred allowing the entire amount of principle and gains to snowball and increase total equity growth. [4] has zero risk to principle or gains. The key Word in an annuity is "variable". A variable annuity is at risk of loss of all gains and sometimes principle. Avoid any annuity with the Word "variable".