elliottmarks
New Member
I agree about the long term positioning of most annuity products... however, there are liquid fixed annuity's paying 5% on the market and C share variable annuities which have no surrender charge schedule. These products can serve as temporary conduits in a couple of different scenarios. For example, some fixed annuity products will automatically renew their CDSC when the policy's interest rate renews. These product usually allow for a 30 to 60 day window for the client to exit the contract with incurring penalities. The "liquid" annuity product would allow the client to exit the current contract and shop the market without having to pay taxes.
