.Fixed annuities and indexed annuities are both types of annuities, which are financial products that provide a guaranteed income stream for a specified period or for the rest of your life. However, there are some differences between fixed annuities and indexed annuities:  An important point to remember is that annuities are contracts not investments.

1. Fixed annuities: A fixed annuity provides a guaranteed interest rate for a specified period of time. The interest rate is usually set by the insurance company and can be fixed for a specific number of years or for the life of the contract. Fixed annuities are considered a low-risk investment because the principal is guaranteed and the interest rate is stable.

2. Indexed annuities: Indexed annuities provide a return based on the performance of a specific market index, such as the S&P 500. They are also known as equity-indexed annuities. Indexed annuities provide interest crediting up to a cap but the actual crediting rate can vary depending on the performance of the underlying index chosen. Indexed annuities are considered a medium-risk investment because there is the potential for higher returns, but there is no risk of losing money as the floor on index annuities is 0%. 

In summary, fixed annuities provide a guaranteed interest rate, while indexed annuities provide a return based on the performance of a specific market index. The choice between fixed annuities and indexed annuities depends on your risk tolerance and investment goals.

Elizabeth Peraza can help to choose the right one for you and your needs,