Why the 1% Loves Annuities

[scagnt83]

Why the 1% loves annuities - MarketWatch

Stan and I dont always see eye to eye on annuities and their uses. But this is a great article written by him about how they transfer risk from the individual to the insurer. I talk about risk transfer all the time when I sell them. Great article.

 

[Charpress]

Why the 1% loves annuities - MarketWatch

Stan and I dont always see eye to eye on annuities and their uses. But this is a great article written by him about how they transfer risk from the individual to the insurer. I talk about risk transfer all the time when I sell them. Great article.

Great article. High net worth people, just like the article says, don't consider annuities when sold as an "investments" which is the hype nearly everyone goes for. "Transferring risk" is the way to go in some (or maybe even many) cases once you get a feel for who is sitting across the desk.