I like to recommend indexed annuities; but only in situations where the client's goal is future income. In those scenarios; income riders justify the recommendation.
Thanks for the feedback Redshark. And we agree, too many commentators and annuity naysayers seem to forget the most important feature of an annuity...future income for the life. So many of today's baby boomers and retirees are less concerned with vehicles that can give them 10% returns (that come with risk), and more concerned with anything that can contractually guarantee them a lifetime income stream.
I've been a financial planner for 20 years and yes I have used index annuities in the past. But I will never use them again. You can get all the same guarantees out of a variable annuity that you can get out of an index annuity with far greater growth potential any usually a shorter surrender period. I've only heard complaints from people who hae owned them.
VA's have a role. But do you have variable annuities that can never lose value in a single year? You also have variable annuities that lock in your gains each year with no chance of that value ever going down? If so, please contact us. Furthermore, had you done your research, you would know that there is only one (1) complaint for every $404 million premium sold of index annuities. Moreover, 13 of the top 25 index annuity carriers had zero (0) complaints in 2010.
This is basically a fixed annuity with a different method of crediting interest. The principle account balance is protected from downside loss and appreciation is based on the performance of an external market index
LMAO I had this same conversation with a friend of mine.
xmanrules2001 2 weeks ago
I like to recommend indexed annuities; but only in situations where the client's goal is future income. In those scenarios; income riders justify the recommendation.
redshark61 2 months ago
@redshark61
Thanks for the feedback Redshark. And we agree, too many commentators and annuity naysayers seem to forget the most important feature of an annuity...future income for the life. So many of today's baby boomers and retirees are less concerned with vehicles that can give them 10% returns (that come with risk), and more concerned with anything that can contractually guarantee them a lifetime income stream.
annuitythinktank 2 months ago
I've been a financial planner for 20 years and yes I have used index annuities in the past. But I will never use them again. You can get all the same guarantees out of a variable annuity that you can get out of an index annuity with far greater growth potential any usually a shorter surrender period. I've only heard complaints from people who hae owned them.
sexypants4300 3 months ago
VA's have a role. But do you have variable annuities that can never lose value in a single year? You also have variable annuities that lock in your gains each year with no chance of that value ever going down? If so, please contact us. Furthermore, had you done your research, you would know that there is only one (1) complaint for every $404 million premium sold of index annuities. Moreover, 13 of the top 25 index annuity carriers had zero (0) complaints in 2010.
annuitythinktank 3 months ago
yes..
mrhuge815 5 months ago
This is basically a fixed annuity with a different method of crediting interest. The principle account balance is protected from downside loss and appreciation is based on the performance of an external market index
andersenvw 7 months ago