Jason Soloman |
December 6, 2013 |
Annuity Basics, Annuity123, Index Annuities, Jason Soloman, Member Posts, Surrender Charges
Some annuities, specifically indexed annuities, have a surrender charge that ranges from 3-15 years. So if you are not terminally ill, require nursing care for more than 90 days, and want to withdraw more than 10% from your annuity there will probably be some monetary consequences to go along with your withdraw. Some surrender charges are defined and won’t change; others fluctuate via their Market Value Adjustment. So what is a Market Value Adjustment (MVA)? Essentially a Market Value Adjustment is the insurance company’s way...
View Article
Carl Ostenson |
December 1, 2013 |
Annuity Basics, Carl Ostenson, Member Posts, Miscellaneous Annuity Info
A very common question that I get from people who have never put money into an annuity or aren’t that familiar with them is “How do I get the money from my current account, into the annuity?” So here are the 3 most common ways that people fund a new annuity contract Write a check Do an account transfer Transfer an old annuity into a new one Write a Check This is the easiest way to fund an annuity. Maybe you had a bank CD...
View Article
Steve Powers |
November 26, 2013 |
Annuity Basics, Member Posts
After nearly 15 years as a financial advisor, I’ve come to accept that every prospective client who contacts me is like a snowflake: no two are ever identical. While this is true, it is also true that there are many similarities between snowflakes and prospective clients, and one of those similarities is that many profess to not being fans of annuities. Fair enough. Recently, a CPA referred a gentleman to me who has spent nearly 30 years working for a large manufacturing company. And he’s...
View Article
John L. Olsen |
November 18, 2013 |
Annuity Basics, Annuity Definition, Deferred Annuities, Fixed Annuities, Immediate Annuities, Index Annuities, John L. Olsen, Member Posts, Variable Annuities
If you’re like most people, you find the subject of annuities confusing. Just the terminology would befuddle anyone – “exclusion ratio”, “annuitization”, “indexed”, “cap rate”, “participation rate”, etc. As if that weren’t enough, the terms are not applied uniformly. Some writers about annuities refer to the kind that produces an income immediately after purchase as an “immediate annuity”; others call it a “payout annuity”. “Equity index annuity” and “fixed indexed annuity” are used almost interchangeably to refer to the same type of contract. And some...
View Article
Stan The Annuity Man |
November 14, 2013 |
Annuity Basics, Annuity Bonuses, Ask Stan The Annuity Man, Fixed Annuities, Index Annuities, Member Posts
Question: Every agent I meet with is pushing a bonus as the main reason to buy the indexed annuity they are recommending. They make it sound like it’s free money, but I’m skeptical. What’s the truth about these upfront bonuses? Robert from Muncie, Indiana Answer: Phenomenal question Robert, and so important in the current over hyped annuity environment and the unregulated wild wild west of annuity internet promoters. Upfront bonuses really became popular around 5 years ago as an obvious way for insurance companies to...
View Article
Rob Brinkman |
November 4, 2013 |
Annuity Basics, Income Riders, Index Annuities, Rob Brinkman, Variable Annuities
One of the most popular new benefits of both variable and fixed indexed annuities is setting guaranteed income amounts with the use of Income Riders. Many of these riders offer contractual guaranteed income benefits of 6%, 7%, 8%, and even 10% in some instances. Sadly, the majority of consumers either have not understood (or were misled) how these income riders actually work. These riders, when sold correctly for the ideal client, are one of the most powerful retirement benefits in the country. However, if you...
View Article
Stan The Annuity Man |
October 31, 2013 |
Annuity Basics, Annuity Definition, Ask Stan The Annuity Man, Member Posts, Secondary Annuities
Question: What is a secondary market annuity? Also, where and how can I buy them if I’m interested? from Jess in Brookfield, Wisconsin Answer: Excellent question about a very small (but growing) niche market within the annuity world. As you know, there’s a secondary market for just about every product on the planet, and that includes annuities. If you are shopping for higher yield and higher payments, then this might be a product type that you want to explore because yields can be 2% higher...
View Article
Stan The Annuity Man |
October 30, 2013 |
Annuity Basics, Annuity Guys, Member Posts
Provided By: The Annuity Guys If you are having nightmares or restless nights about the volatility of the stock markets, it may be time to examine your own asset allocations. Fortunately, you have many options to choose from…the challenge is learning about your various options. Watch as the Annuity Guys reflect on some of the safe money alternatives available to those individuals who want or need to get out of the market. Note: You can either click on the video picture below or click here...
View Article
Stan The Annuity Man |
October 28, 2013 |
Annuity Basics, Member Posts
Written By: Bakul Modi in North Carolina Annuities and Annuity Agents have a bad reputation. In some cases it is well deserved. There are agents who do a poor job of explaining the features, limitations and costs associated with annuities. Let’s examine some of the reasons why you shouldn’t buy annuities: Lack of Liquidity: True – Annuities have this limitation. If you wish to withdraw your funds prior to age 59.5, you will likely be subject to early withdrawal penalties, taxes and fees. Keep in...
View Article
