Final answer:
Indexed annuities and traditional annuities offer features such as tax-deferred growth, guaranteed income, and protection against market volatility.
Step-by-step explanation:
Indexed annuities and traditional annuities are both financial products that offer certain features to investors. Some features that are common to both types of annuities include:
Tax-deferred growth: Both indexed and traditional annuities offer tax-deferred growth, meaning that the investor does not have to pay taxes on the earnings until they withdraw the funds.
Guaranteed income: Both types of annuities can provide a guaranteed income stream for the investor during retirement.
Protection against market volatility: Indexed annuities, like traditional annuities, can offer protection against market downturns, providing a level of stability and security for the investor.