Annuities

The Wall Street Journal recently ran an article entitled “Retirement Income? Annuities Come Up Short.” (April 30th, 2011). The article, written by Brett Arends, makes the case against lifetime income annuities.

With unemployment hovering around 9 percent, and underemployment well over 20 percent, millions of Americans have been forced into hunting for new sources of income. The recession is particularly difficult for older workers, who find it more difficult to find work where employers favor younger hires with the potential of longer tenures with the company.   The result: The emergence …

As companies race hybrid LTC or “linked-benefit” plans to market, many are left scratching their heads wondering which products are best for themselves or their clients.  If a warning light is going off in your mind, heed the warning. There are five main traps to avoid while searching for the best hybrid-long term care solutions, though more will likely follow.  …

"Nearly eight in 10 annuity owners say that annuities make them feel more secure in times of financial uncertainty."

"It's important to remind your clients that annuities are extremely safe because they are issued by insurance companies."