What The Indexed Annuity Carriers Won’t Tell You, It’s Not What You Think
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Embed from Getty Images (Author’s note: A general understanding of indexed annuities is assumed) High commissions, luxury trips, long surrender periods and high surrender charges are just some of the problems that make indexed annuities a non-starter for fiduciaries like myself. However, even if the insurance companies could overcome these barriers, it’s unlikely that a fiduciary would risk recommending these products. Contrary to popular opinion, fiduciary advisors are open to all products, it’s part of our responsibility to our clients. That said, I don’t recommend these products because I lack trust in the insurance companies and can’t get the data to overcome that lack of trust. I can’t get the data because the insurance companies don’t want to provide it. This trust deficiency is widespread among fee-only, fiduciary advisors.
What The Indexed Annuity Carriers Won’t Tell You, It’s Not What You Think
What The Indexed Annuity Carriers Won’t Tell…
What The Indexed Annuity Carriers Won’t Tell You, It’s Not What You Think
Embed from Getty Images (Author’s note: A general understanding of indexed annuities is assumed) High commissions, luxury trips, long surrender periods and high surrender charges are just some of the problems that make indexed annuities a non-starter for fiduciaries like myself. However, even if the insurance companies could overcome these barriers, it’s unlikely that a fiduciary would risk recommending these products. Contrary to popular opinion, fiduciary advisors are open to all products, it’s part of our responsibility to our clients. That said, I don’t recommend these products because I lack trust in the insurance companies and can’t get the data to overcome that lack of trust. I can’t get the data because the insurance companies don’t want to provide it. This trust deficiency is widespread among fee-only, fiduciary advisors.