Annuities Aren’t the Problem. Commissions Are.
October 29, 2024 by Kenneth Corbin
Within the financial services world, few products kindle stronger opinions than annuities.
The promise of lifetime income is undeniably alluring at a time of mounting anxiety about the solvency of Social Security and when individuals are more responsible than ever for funding their own retirement.
Click HERE to read the full story via MSN.
Wink’s Moore on the Market: More on that survey from DPL Financial Partners…
Of COURSE “He is on the record supporting a Labor Department regulation that has been staunchly opposed by financial services trade groups…”
His firm offers commission-free annuities!!!
“Over the life of the product, those lower fees can amount to substantially higher income for the annuity holder.”
Interesting. My research on one line of annuity business shows that the client is better-off with commissioned-based annuities, over the length of the surrender charge period.
It never gets old listening to these guys. Their “work with us because all other annuities have high fees and lofty commissions” mantra is stale. -sjm
