During the last two major market corrections in 2000 - 2002 and 2007 - 2009, indexed annuities did not lose principal or interest gains from earlier years. (ohioinsureplan.com)
For retirees who began their retirement shortly before years of major market corrections, such as the market crash in 1987 and the Great Recession of 2008, their retirement funds may be gravely affected, due to the exposure to downside risk. (indexologyblog.com)