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

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Retirement Planning “Don’ts”

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Annuity Laddering and Your Retirement Savings Strategy

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Insurance Needs in Retirement

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A New Approach to Annuity Sales

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ARTICLES & GUIDES

Fixed Annuities Help Reduce Bull Market Risk

The current bull market has the portfolios of many investors heavy on the stock side, and all of

New Immediate Annuity from Fidelity Investments

Fidelity Investments has recently announced the launch of IncomeSource®, a Single Premium

Retirement Planning “Don’ts”

When you consider factors like health care costs, taxes, inflation and market volatility, you

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Document reference: #1500261-17

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