A fixed index annuities will be recommended for Shane because he is looking for an annuity with hedge against an erosion of purchasing power.
How does a fixed index annuity work?
This type of annuity earns interest based on changes in a market index, that is, how the market performs.
Hence, the fixed index annuities will be recommended for Shane who is looking for an annuity with hedge against an erosion of purchasing power.
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