What Does “Guaranteed” Mean?
Bonuses, rollup rates, income-doublers, payout rates… It’s all noise. What do you really get out of an annuity for every dollar you put in? Recently, a prospective client came into the office and was interested in discussing annuities. He said he and his wife were looking at an annuity that offered a 7% bonus and guaranteed 10% interest. However, before the prospect bought this annuity, he wanted to see what we had to offer. When I said, “What we have to offer you is an...
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