razuli -

You said: "The account is an indexed annunity that grows at 3% until it matures in 2004 At the date of maturity it is credited with 100% of the average of the Weekly S&P 500 during 13 weeks prior to the date of maturity. This sounded good when I bought it but now I know that it would be better if the money was compounding over the life of the seven years."


I would tend to agree with you... 3% over 5 years & then a bonus is not what I'd prefer!

Best wishes, PP