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

New Study: Deferred Income Annuities Could Be Key to Retirement Security

A new study from the Employee Benefit Research Institute found deferred income annuities (DIAs) held within a 401(k) could be …

Strong Year-End Annuity Sales Suggest Promise in 2019

The final 2018 market data for the U.S. annuity industry was recently released showing record quarterly highs for both fixed …

Need Retirement Income Now? Consider an Immediate Annuity

For most retirees, the biggest fear later in life is running out of money. One of the only solutions to …

DPL Teams with Security Benefit to Offer New MYGA

The insurance network for registered investment advisors, DPL Financial Partners, has just announced an exclusive agreement with Security Benefit Life …

Many States Look to Add Annuity ‘Best Interest’ Regulations

According to a recent article from InsuranceNewsNet, several states are considering the addition of a “fiduciary duty” on insurance agents …

Ameritas Launches First Annuity Connected to New S&P Index

A new indexed annuity from Ameritas Life Insurance Corp. was recently launched, tracking four indices including the new uncapped S&P …

ARTICLES & GUIDES

New Study: Deferred Income Annuities Could Be Key to Retirement Security

A new study from the Employee Benefit Research Institute found deferred income annuities (DIAs)

Need Retirement Income Now? Consider an Immediate Annuity

For most retirees, the biggest fear later in life is running out of money. One of the only

DPL Teams with Security Benefit to Offer New MYGA

The insurance network for registered investment advisors, DPL Financial Partners, has just

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Document reference: #1500261-17

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