Annuities have received a lot of bad press recently, and much of it for good reason. Life insurance agents and securities brokers often foist annuities upon their clients without properly explaining them or ensuring that the annuities fit their clients’ needs.
Why? Because annuities typically pay handsome commissions to the salespeople. But does this [...]
Of all the forms of income generating investments, annuities are some of the most controversial ones. Annuity - derived from the Latin word ‘annus’ - is basically an insurance product sold by insurance companies through authorised agents. This type of investment facilitates a series of payments in the future, in a defined manner, in exchange [...]
I mean it, selling annuities is the easiest sale in the insurance industry. It is all a matter of positioning and having a focus. The focus is simple: numbers. Having lots of people to see and tell the annuity story to is the secret. Leads and lots of them is all [...]
Generally, people from middle-class families think that their financial needs will not be met after retirement just through a pension fund or other employment related financial benefits. Therefore, they look into investing in annuity plans. Annuities provide a fixed income paid at regular intervals over a specified period of time. An annuity is like a [...]
Millions of seniors are sold equity-indexed and variable annuities with promises of guaranteed returns with little or no risk. And hardly a day goes by that I don?t hear from some frustrated investor who finds him/herself trapped by one of these investments. Let me paint a very clear picture of the dangers of these products [...]
Annuities can be a very good way of saving money and securing post retirement benefits. Annuity investments can be made irrespective of the income level of the investors. They provide an easy way to earn additional money as well as assure the future of the investors.
Most of the other post retirement programs and employer sponsored [...]
Variable Annuities now offer a Guaranteed Minimum Withdrawal Benefit which allows you to earn 5% or 6% even if the market drops significantly. Undoubtedly, you will be pitched a variable annuity or pressured to transfer your existing one into a new contract with this benefit. Should you? Read on to uncover the truth behind this [...]
I?ve been predicting for some time now that Equity-Indexed Annuities and the sales practices associated with them will be the Next Big Scandal of the financial services industry. And now my predictions are coming true.
After a chorus of complaints, the National Association of Securities Dealers (NASD) and the Securities and Exchange Commission (SEC) are finally [...]
Many folks do not buy life insurance and the excuses are typical. For instance someone might say when I am dead who cares what else happens? But this is not the only alarming objection that life insurance salesmen face.
Other objections include Why would I want to be worth more dead than I am alive? What [...]
Q. Jeff, I’ve been approached by someone touting the benefits of equity indexed annuity with ?Company-X?. They say my money will be safe, there?s a minimum return and a cap with a participation rate of 100%. They also said I?d probably average between 6%-7% without any risk to the money I put in. I’m confused [...]
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