Home / Annuity FYI’s Variable Annuity Cautions — Read Before You Invest!

 

Annuity Caution #7: Variable Annuity Rider Buy Backs

Recently, annuity-owners of variable annuities with riders from insurance companies, such as Axa Equitable and The Hartford, have been contacted by their insurance company issuer. The offer is in writing, and sometimes followed up with a phone call, with offers to pay the annuity-owner a one-time lump sum to relinquish (void) some of the initial riders with guarantees, benefits that rely on the insurance company to pay them. Is the lump sum better or the long-term guarantee? Read this before you invest!

Annuity Caution #6: L-Share / Short Surrender Annuities

Be cautious about purchasing a variable annuity with a shortened (3-4 year) surrender period. They could cost you more. Read this before you invest!

Annuity Caution #3: Variable Annuity Transfers

Are you considering a replacement of your current variable annuity with another? Read this before you transfer!

Annuity Caution #2: FINRA Broker Lookup

Prior to purchasing an annuity, look up your financial advisor on FINRA’s website to see if he or she has any complaints on file or a criminal background. Read this before you invest!

Annuity Caution #1: Pre-Purchase Annuity Checklist

Prior to purchasing a variable you should consider the information below. Read this before you invest!

ANNUITY WARNINGS

Annuities: Protection Against Market Volatility

In 2008, the stock market tanked in dramatic fashion, with the Dow declining by more than 50%. This was the …

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MetLife’s Brighthouse Financial Launches First Annuity Product

On Monday, the consumer life insurance and annuity unit from MetLife Inc., Brighthouse Financial, launched its first new product, a …

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ETF-only Variable Annuities Gaining Traction

As the implementation date of the new fiduciary rule gets closer, we’re seeing an increase in development of fee-based advisory …

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Optimize Cash Flow in Retirement with this FIA Combination

Finding a steady, solid cash flow in retirement can be rather difficult in today’s climate. According to a recent Kiplinger …

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Wells Fargo and MetLife Partner for New QLAC

In an effort to help their clients eliminate the risk of outliving their retirement income, Wells Fargo Institutional Retirement and …

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Variable Annuity Heavyweight Warns of Declining Market

Sales of variable annuities have been steadily declining over the last two years, and a top executive of one of …

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ARTICLES & GUIDES

Annuities: Protection Against Market Volatility

In 2008, the stock market tanked in dramatic fashion, with the Dow declining by more than 50%. This

Optimize Cash Flow in Retirement with this FIA Combination

Finding a steady, solid cash flow in retirement can be rather difficult in today’s climate.

Income Riders Help Make Fixed Annuities More Attractive

In recent trends, fixed indexed annuities (FIAs) have gained in popularity thanks to several

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