Not exact matches
FINRA, the Financial Industry Regulatory Authority, has posted an Investor Alert
about the complexities and risks of
equity -
indexed annuities, which any potential buyer ought to read.
See http://janebryantquinn.com/2010/09/have-an-annuity-with-lifetime-income-guarantees-dont-give-it-up/ I have written negatively
about equity -
indexed annuities (which the industry likes to call «fixed
annuities,» even though they aren't fixed), due to lack of disclosure, hidden fees and, yes, abusive sales, as several lawsuits by attorneys general can attest.
The first, insurance salesmen, wanted us to use just
about all of our money to buy
equity index annuities.
The sad part
about the current state of affairs concerning fixed -
index annuities (aka:
indexed annuities, hybrids,
equity -
indexed annuities) is that the product can be a very effective alternative to a CD.