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Variable Annuities

Survey Results: Strong Majority of Recent Annuity Buyers Are Happy with Their Purchase

Survey Results: Strong Majority of Recent Annuity Buyers Are Happy with Their Purchase

A recent survey found that almost 9 out of 10 buyers of traditional fixed annuities are happy with their purchase. In late 2011, LIMRA surveyed 1,200 individuals 40 years of age and over who had purchased an annuity within the past three years. They found that 86% of traditional fixed annuity buyers remained satisfied with their purchase. Also, they found that high satisfaction rates from buyers of indexed annuities (83%) and variable annuities (75%). The study revealed that the most popular reason these individuals gave...

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Study Reveals Need for Summary Prospectus for Variable Annuities

Study Reveals Need for Summary Prospectus for Variable Annuities

A recent survey commissioned by the Insured Retirement Institute (IRI) reveals that investors rarely even read a Variable Annuity’s full prospectus. Only 17% of individuals report reading any part of a policy’s 150-300 page prospectus in 2012. Among the small percentage the do actually review the prospectus, only 7% – 16% of the document is actually read. According to IRI’s President and CEO, Cathy Weatherford, “rather than provide consumers with relevant investment information, the sheer length of the full prospectus has created a barrier to...

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Top 50 Annuities

Top 50 Annuities

Barron’s distributes an annual ranking of the top annuities after their detailed review of hundreds of products. They rank them by category according to their type. The categories are: Immediate Payouts, Deferred Payouts, Fixed Index Annuity with Income Guarantee, and Deferred Variable Annuity. Making their list is a huge honor and most often requires that the carrier be ‘A’ rated. Please refer to the article posted by Karen Hube titled Top 50 Annuities for seeing viewing the top products. Click here for a quick link...

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Top 50 Annuities

Top 50 Annuities

Since interest rates remain at a low without an immediate end in sight, Americans are looking under every rock to find the best possible solution to their retirement needs. A recent article on Barron’s written by Karen Hube titled Top 50 Annuities provides some insightful details on annuities. Not only does she describe the various types of annuities, but she also provides a list of top variable annuity, fixed indexed annuity, and longevity insurance products that are currently available for a subset of customers. If...

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