You “represent every carrier that there is?” How unusual.
August 25, 2023 by Sheryl J. Moore
This came up on my Google alerts. Click HERE to listen to “Steven DeJean on annuities.”
I am sure you want listeners to inquire about indexed annuities the most, but ALL annuities are like a personal pension.
And really- you don’t need an “income rider” to guarantee a paycheck for life. Every annuity offers this value proposition, via annuitization. By the way: it’s free.
You certainly cannot promote income riders on indexed annuities, and then say that performance of the contract is always going to be “flat or up.” That is completely disingenuous. There are fees on the vast majority of income riders.
“The consumer’s completely protected?” I don’t know about that…what about if the insurance company becomes insolvent?
If you want to get technical, not all annuities have surrender charges.
And- the average annuity purchase is actually $145,060 according to “Wink’s Sales & Market Report.”
Your clients made 23% two years ago, on indexed annuities?!? No way! I would LOVE to see that annual statement. Indexed annuity rates were at historical lows prior to 4Q2022.
***Is it possible that you are you applying today’s rates to historical performance of the index?***
You “represent every carrier that there is?” How unusual.
Great to hear about annuities on the radio, but you threw me a curve ball on this one. -sjm
