“Indexed annuities
are currently the hottest and most over promoted product in the annuity world,
and the dream-return scenarios that are too often being pitched are translating
into record sales.
I am one of the few people in the
annuity world that hasn't drunk the hybrid annuity Kool-Aid because indexed
annuities were actually designed to compete with CDs, not market returns.
High-income rider percentages veiled as yield along with upfront bonus teasers
combine with the false narrative of no downside with market upside . This
annuity nonsense has created a toxic formula of over hyped sales madness that
is sweeping the country. The fact that Internet, TV, radio, and print
promotions go largely unregulated and without repercussion has spawned a new
breed of annuity elixir carnival barkers.
Buyer beware is an understatement.”
Read: Confessions of an indexed-annuity
insider http://www.marketwatch.com/story/confessions-of-an-indexed-annuity-insider-2014-04-29
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