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

Interest Rates and Annuities

Much of the news you hear about in the financial industry revolves around the current interest rate and how it …

Unhappy With Your Annuity? Consider a 1035 Exchange

When you use money from an existing annuity to buy another one,  the process is often referred to as an …

Annuity News: Year in Review

Annuities were a hot topic in financial news this year. According to a recent InsuranceNewsNet article both lawsuits and regulation were …

Annuity Sales Rules To Be Adopted By Year’s End

As most people nurse their holiday hangover and gear up for the upcoming New Year’s celebration, state insurance regulators are …

There is Still Time to Trim Your 2019 Tax Tab — But You Have to Act Soon

By Steve Kaufman     We’re in the thick of the holiday season, and this should be as joyous a …

Annuity Sales Model Moves Forward

Last Sunday, the Life Insurance and Annuities Committee met at the NAIC Fall Meeting in Austin, Texas. The agenda: strengthened …

ARTICLES & GUIDES

Interest Rates and Annuities

Much of the news you hear about in the financial industry revolves around the current interest rate

Planning For and Protecting Your Retirement

According to a recent article from US News, 72% of Americans say that they think it’s important

Put Retirement Worries To Rest With An Annuity

For many, the thought of retirement is both jubilant and worrisome. While the idea of spending time

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