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

New Senate Bill Aims to Help Retirement Savers

Last week, a new bill was introduced in the U.S. Senate to strengthen America’s retirement system. According to a recent …

Fidelilty and New York Life Team on New Variable Annuity

Fidelity Investments recently teamed up with New York Life to launch the new deferred variable annuity product, the New York …

Many Americans Are Unclear About Which Financial Products They Own

Life Happens, a nonprofit organization that is dedicated to helping Americans take personal financial responsibility, recently teamed up with LIMRA …

Independent Broker-Dealers Score Big With Variable Annuities

While distribution channels like wirehouses and large national brokerage houses experienced slumps in variable annuity sales, independent broker-dealers saw big …

Allianz Addresses RMD Challenges

Required minimum distributions, or RMDs, activate for retirement account holders at the age of 70 ½, and for those who …

New and Improved Fixed Indexed Annuities From Athene

One of America’s leading providers of retirement savings products, Athene, has teamed up with Annexus, an independent designer of fixed …

ARTICLES & GUIDES

New Senate Bill Aims to Help Retirement Savers

Last week, a new bill was introduced in the U.S. Senate to strengthen America’s retirement

Fidelilty and New York Life Team on New Variable Annuity

Fidelity Investments recently teamed up with New York Life to launch the new deferred variable

Many Americans Are Unclear About Which Financial Products They Own

Life Happens, a nonprofit organization that is dedicated to helping Americans take personal

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Document reference: #1500261-17

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