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

Annuity Myth Busting

An annuity is a contract with an insurance company that pays out regular monthly payments, guaranteed for life, in exchange …

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Ohio National Financial Services Joins FIA Market

The fixed indexed annuity (FIA) market has a new player according to a recent article from InsuranceNewsNet. Ohio National Financial …

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Annuity Study: Gap Exists Between What Consumers Want and What they Buy

The 3rd Annual Guaranteed Lifetime Income Study, completed recently by Greenwald & Associates and Cannex, has given some valuable insights …

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And the Award for Annuity Innovator of the Year goes to…

On March 17, EQDerivatives will honor this year’s Annuity Innovator of the Year at an award ceremony in New York …

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New Fixed Annuity Series from American Equity

One of the leading issuers of fixed index annuities has just announced a new product to their already competitive portfolio. …

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Thinking About an Annuity? Consider This…

If you’re preparing to retire in the coming years, and are looking for a way to generate consistent income, you …

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ARTICLES & GUIDES

Annuity Myth Busting

An annuity is a contract with an insurance company that pays out regular monthly payments,

Annuity Study: Gap Exists Between What Consumers Want and What they Buy

The 3rd Annual Guaranteed Lifetime Income Study, completed recently by Greenwald & Associates

Retirement Savings Plan: IRAs vs. Annuities

It is becoming more and more common for employees not to have access to an employer-sponsored

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Document reference: #1500261-17

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