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

Fixed Indexed Annuities Set for Comeback

Historically, fixed indexed annuities have gained favor with investors who like the idea of participating in market gains while protecting …

Worried About Your Parents Running Out of Cash in Retirement? MassMutual Has You Covered

Did you know that one out of every three 65-year-olds today will live past the age of 90? As life …

What is a Flexible Premium Deferred Annuity?

If you are considering the purchase of an annuity for retirement income, you’re not alone. With traditional pensions becoming more …

Today’s Annuity News

Here’s a look at some of the recent happenings in the annuity industry, according to ThinkAdvisor.  There are two new …

State Regulators: No On ‘Best Interest’ Annuity Sales Rule

State insurance commissioners have been debating annuity regulation proposals for quite some time, and it appears that the conflict has …

Fixed Indexed Annuities and Retirement Income Planning

In times of market volatility, such as this, many are turning to fixed indexed annuities as a safer way to …

ARTICLES & GUIDES

Great American Life and Barnabas Capital Team to Offer New Annuity Products

Great American Life has teamed up with Barnabas Capital to offer 2 new variable annuity products.

Leading Annuity Provider Updates Products

According to a recent press release, leading financial services company, AXA Equitable Life has

Jackson National Launches New MYGA

Wink’s Sales and Market Report for the first quarter of 2019 shows that the sales of multi-year

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Document reference: #1500261-17

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