Equity Indexed Annuities: Are they the real deal or junk products?

[pcbinsurance]

For real Kev-O......cut your losses and move on.

As part of cutting your losses, get rid of those domain names you reserved back in November. You do much more damage keeping these than it would cost you to get a fresh, new domain name/website. Botique? Really? C'mon man.....I feel bad for you and want you to save face as soon as possible.
Even reserving the correct spelling: seniorboutique.org would be better than keeping your misspelled one.

 

[Mattschmidt]

If Equity Indexed Annuities didn't have a proper spot for an individuals overall portfolio, why would Insurance Department's approve them for sale?

 

[0b1kanobee]

I could provide several client statements to KJ or anyone else for that matter. However as Larry pointed out, who is he or anyone else that I or anyone else should take the time out to do so? What would it prove? NOTHING It's useless information for those who don't understand them. I could also provide ones where some years there was no growth.

I sometimes tell people that if we hit our caps or get some good returns 6 or 7 years out of 10, then we are doing well and that's my overall hope for the product. Just depends.

I was going to provide KJ with a few statements but then 3 wouldn't be enough. Further, it's not a good liability situation for me as I don't even know the guy. No offense KJ just not a risk I'm willing to take and I get nothing out of it. Maybe one day the light will come on in that head of yours about these products. That's what happened to me. First I was excited. Then skeptical because I got confused. Then I figured them out.

 

[Mattschmidt]

alot of people were pretty happy getting 1% returns in 2008, and 2009 I bet...Even thought they didn't catch the huge up swings in the following years, I'm sure they were alright with 5-7% returns... I'm not a huge fan of EIA, but I see there places in peoples overall portfolio...Especially for the more conservative investors

 

[indexedannuity_girl]

I am not even sure where to begin on this post!

Indexed annuities ARE the real deal. However, they are only priced to return 1% - 2% more interest than what fixed annuities being issued on the same day are crediting. So, if the average fixed annuity rate is 2.05% today, indexed annuities issued today will earn 3.05% - 4.05% over the life of the product.

The products are much more consumer-friendly and easy to understand than most would have you believe. The media has done a stellar job of providing inaccurate, biased information against these products, in order to benefit their mutual fund advertisers.

Anyone who needs the TRUTH about indexed life and indexed annuities should rely on my websites. At least you know the information that you'll find there is credible. sjm

 

[nathan.lee]

I am not even sure where to begin on this post!

Indexed annuities ARE the real deal. However, they are only priced to return 1% - 2% more interest than what fixed annuities being issued on the same day are crediting. So, if the average fixed annuity rate is 2.05% today, indexed annuities issued today will earn 3.05% - 4.05% over the life of the product.

The products are much more consumer-friendly and easy to understand than most would have you believe. The media has done a stellar job of providing inaccurate, biased information against these products, in order to benefit their mutual fund advertisers.

Anyone who needs the TRUTH about indexed life and indexed annuities should rely on my websites. At least you know the information that you'll find there is credible. sjm

Welcome to the Forum Sheryl or at least welcome to active participation! Happy to have your expertise here.

 

[Mariacervantez]

They are junk. I just bought one last year from Eric Snyder and he did not gave me the comparison that shows the old product from the new product and I got the worst deal ever. He should go to jail for that.

 

[iceco1d]

So...you bought on that you don't like, and now they are all junk?

 

[nathan.lee]

They are junk. I just bought one last year from Eric Snyder and he did not gave me the comparison that shows the old product from the new product and I got the worst deal ever. He should go to jail for that.

Sounds more like your understanding of the new product OR the representation of the product by the rep was incorrect. You may have "traded in" a product that suit your needs for one that didn't but that is not the products fault.

 

[mbauer98]

He did the same thing to me. We will prosecute him. But you are right nathan, the product is not bad is the agent