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

Changes to Indexed-Annuity Sales Ahead of DOL Rule

As the implementation date of the new Labor Department fiduciary rule approaches, several brokerage firms are changing how they handle …

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New Variable Annuities from Principal

In an effort to give clients more flexibility and choices in retirement planning, Principal Financial Group has extended its variable …

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Why Ken Fisher Is Wrong About Annuities

You may have heard about Ken Fisher, the wealthy chairman and CEO of Fisher Investments, and man who constantly rails …

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Deciding Between a Lump Sum or an Annuity? Read This First

A recent study has discovered that retirees who opt to take a lump sum instead of a guaranteed monthly annuity …

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Rising Interest Rates and Your Annuity

As interest rates begin to rise, many investors are questioning what this could mean for annuity products. Fixed annuities, in …

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Equity-Indexed Annuities: Consider This

Equity-indexed annuities, also known as indexed annuities, provide retirees with a minimum investment return with the added chance of stock-market …

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ARTICLES & GUIDES

Deciding Between a Lump Sum or an Annuity? Read This First

A recent study has discovered that retirees who opt to take a lump sum instead of a guaranteed

How far will you go to ensure financial security in retirement?

If you follow the retirement news industry, it won’t come as a shock that millions of Americans

Low Returns and Longer Life Means More Savings, Longevity Products for Retirement

A recent publication from Wealth Management states that employees need to increase the amount that

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Document reference: #1500261-17

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