This course will educate students about fixed annuities and how the Equity Indexed Annuities (EIA) allows the annuity owner to participate in the upside of the stock market with the safety of the fixed annuity. The student will learn about the complexities of the product and the importance of understanding the EIA before trying to sell the product. Students will become familiar with the various indexing methods and the unique features of the EIA. Target markets will be discussed and suitability issues and concerns will be examined. Concerns about abuses in the senior market as it applies to the EIA will be discussed. The course will look at recent steps taken by the SEC to regulate the product and debate the pros and cons of added regulation.