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I love it he mentions the annuities come with a prospectus 4 inches think..He is obviously talking about VAs mutual funds come with prospectuses too so typical VA has 30-80 funds go grab 30-40 mutual fund prospectuses and see how think those are....He talks about AIG the insurance company almost going out of business....lets be real and talk about the insurance companies took hits but it wasn't the insurance subsidaries that needed the bailouts. I sell mutual funds, VA, fixed and indexed annuities they all have there place.
You gotta love this obviously "Unbiased" and "Accurate" dribble he is spouting. He has no vested interested in knocking competing product lines at all.
Yes, Insurance products are only as good as the insurance companies that back them oh wait and also the state guarantee association that they all pay into. Funny how he left that out. Also funny how he did not mention how many people lost all their money as a result of an insurance company going insolvent. Maybe because he could not find any. He is not even clear on what he means by annuity. He is talking about VA's it sounds like but he does not attempt to make that at all clear. Is it a lack of understanding or intentional...?
Yes, please put all your money with us brokers where I guarantee you will get all your money back plus interest... Oh wait we don't guarantee that... Well just give me your money.