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!

ARTICLES & GUIDES

The Profile of an Annuity Buyer

During the month of September, the Insured Retirement Institute is hosting 4 virtual sessions, the

New Non-Variable Indexed Annuity from Nationwide

Ohio-based insurer, Nationwide, has recently launched a new, non-variable indexed annuity in an

Required Minimum Distributions Waived for 2020 – What to Do Next

The CARES Act, or The Coronavirus Aid, Relief, and Economic Security Act, has waived RMDs for 2020,

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Document reference: #1500261-17