A note to Investor.gov
March 7, 2023 by Sheryl J. Moore
Hey- U.S. Securities and Exchange Commission!
I just had the opportunity to review your content on annuities on your “Investor” website.
Click HERE to view Annuities via Investor.gov
It isn’t entirely accurate.
It is outdated.
Do you need help updating it?
For example- there is a fourth type of annuity that was developed over a decade ago, that you do not have listed: structured annuities, a.k.a. RILAs.
In your explanation of indexed annuities, it would be appropriate to list this same sentence, that is in your explanation of fixed annuities: “The insurance company promises you a minimum rate of interest and a fixed amount of periodic payments.”
You suggest that variable annuities have surrender charges that are “typically six to eight years.” It may be splitting hairs here, but surrender charges on VAs are typically five to seven years.
There is quite a bit more when you drill-down and look at each individual type of annuity on your website.
I assisted the National Association of Insurance Commissioners (NAIC) in re-writing their “Consumers Buyer’s Guide to Annuities.” I’d be happy to help you too. -sjm
Wink’s Note: Click HERE to connect with Sheryl Moore on LinkedIn
