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

Brighthouse Financial Expands Shield Annuity Family

In an effort to focus on simplicity, transparency and value in product design, Brighthouse Financial has announced an expansion to …

Great American Life’s Fee-based Annuity Now Available Through Brookstone

In a press release last week, Great American Life Insurance Company® announced that their fee-based annuity will now be available through …

DOL Requests Delay in Fiduciary Rule Implementation

Two days ago, documents were filed by the Department of Labor to delay the implementation of phase two of the …

Understanding Annuities: 4 Common Rules

Like with any other investment option, it’s important to understand what you’re getting before you sign on the dotted line. …

Retirement Strategies: I’ve Maxed Out My IRA Contributions

An IRA, or Individual Retirement Account, is a great option for saving for retirement, especially if you don’t have access …

It’s Time to Revisit Adding an Annuity to Your Portfolio

Did you know that from 1998 to 2013, the number of Fortune 500 companies offering traditional defined benefit plans fell …

ARTICLES & GUIDES

Brighthouse Financial Expands Shield Annuity Family

In an effort to focus on simplicity, transparency and value in product design, Brighthouse

Great American Life’s Fee-based Annuity Now Available Through Brookstone

In a press release last week, Great American Life Insurance Company® announced that

DOL Requests Delay in Fiduciary Rule Implementation

Two days ago, documents were filed by the Department of Labor to delay the implementation of phase

This web page has been reviewed for compliance.
Document reference: #1500261-17

Share Button

Annuityfyi.com - Prefooter

Share On Facebook
Share On Twitter
Share On Google Plus
Share On Linkedin
Share On Pinterest