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

Criticism of Buffer Annuities: Is it Justified?

Have you heard of “buffer annuities?” They’re described as sort of a cross between variable and indexed annuities. Through exposure …

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Voya Financial Announces Fixed Index Annuity Product

In an expansion of its portfolio of fixed index annuity products, Voya Financial, Inc. (NYSE: VOYA) has just announced the …

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Study Answers: Who Favors Immediate Annuities?

A recent study, conducted by the Employee Benefit Research Institute, set out to determine just which investors are looking to …

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New Enhanced Annuity Benefits from Lincoln Financial Group

In an effort to add more flexible investment requirements and increased income payouts, Lincoln Financial Group (NYSE: LNC) recently announced …

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You Might Want An Annuity If…

It’s no secret that annuities have a bad reputation as retirement savings tools. Some annuities have high fees, many are …

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Annuity Trends for 2017

2008 was a difficult year for many financial sectors, and the annuity business was no exception. With the possible implementation …

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ARTICLES & GUIDES

Retirement Savings Plan: IRAs vs. Annuities

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

Transamerica Launches Fee-based Variable Annuity

A new fee-based variable annuity is being launched by Transamerica in an effort to offer investors

Annuities and Tax Benefits

Annuities are often overlooked as a tool to include in retirement savings strategies, mainly

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Document reference: #1500261-17

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