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

The Advantages of Waiting to Purchase Your Annuity

There are many advantages in including an annuity as part of your retirement portfolio, the most attractive being guaranteed income …

Experts Agree: Now is the Time to Assess Portfolio Allocations

The stock market is off to a strong start in 2018, which is exactly why some financial advisors are suggesting …

Annuity Vs. Drawdown: The Debate Continues

One of the most challenging questions often asked by people approaching retirement has to do with the best way to …

Is New York’s “Best Interest” Proposal Too Excessive?

Earlier this month, the state of New York proposed a “best interest” standard, exposing insurance/annuity writers to more excessive liability …

New House Bills Would Change Workplace Retirement Plans

There are currently two bipartisan bills being considered by the House of Representatives that could have a positive impact on …

Reduce Risk and Beat Inflation with this Retirement Savings Strategy

In an effort to beat inflation, financial planners and retirees agree that investment growth is a must. But with the …

ARTICLES & GUIDES

The Advantages of Waiting to Purchase Your Annuity

There are many advantages in including an annuity as part of your retirement portfolio, the most

Experts Agree: Now is the Time to Assess Portfolio Allocations

The stock market is off to a strong start in 2018, which is exactly why some financial advisors are

Annuity Vs. Drawdown: The Debate Continues

One of the most challenging questions often asked by people approaching retirement has to do with

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Document reference: #1500261-17

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