S&P 500 vs. Fixed Indexed Annuity — Back-Test

Data sources: S&P 500 annual price returns from public market data (macrotrends, slickcharts). 2025 figure is derived from calendar-year total return (~17.9%) less approximate dividend yield. 2026 figure is YTD through April 15, 2026 (partial period — no FIA index credit is applied until the policy anniversary). Important: This is a hypothetical back-test using historical S&P 500 price-index returns. Actual FIA contracts use a variety of indices, participation rates, spreads, and cap mechanisms — your actual product may perform differently. Past performance is not a guarantee of future results. This illustration does not reflect fees, rider charges, surrender charges, or taxes.