So what’s the next the next biggest problems with annuities? Well, the next biggest problem with annuities in my opinion is that they are rarely designed with the consumer’s best interest in mind.

Oh, you can argue with me all you want but there are typically 2 types of annuities. One that is good for the agent and the insurance company, and one that is good for the consumer. The problem is, the one that is good for the consumer is usually the one that pays the LEAST commission. And the one that isn’t as good for the consumer (long surrenders, lower rates/potential, etc) usually pay the highest commission.

It’s only obvious. The longer the insurance company can get the money for, the more they will pay (entice) the agent. The agent now has a decision to make. Does he offer a shorter annuity with less commission or the longer one with higher commissions. Unfortunately, the agent often chooses the latter.

DON’T GET ME WRONG. There are agents out there who do their clients well. There are also many who are enticed heavily by the big commissions. Greed is a natural human emotion. It plays part big time in the annuity sales process. If you don’t think so, you are sadly mistaken.

And if you take a look at annuities, the benefits can be good, however, sometimes they are loaded with conditions. For example, there is a 7% guarantee put on some variable annuities. It’s all smoke and mirrors. If you look at the conditions to get the 7% guarantee, it turns out to be a minimal (sometimes 3% or lower) guarantee. It’s not designed with the consumers best interest in mind.

And this holds true for many of the benefits. The above is just one example. So therefore, it’s best for a consumer to be fully educated about their annuities. We are releasing a FREE version of the Shocking Truths called ‘Annuities: The Warning Report.’ I’ve come to realize that many people won’t pay for good information. Therefore there will be a free version. No, it’s not everything but it’s enough to get your mind thinking about if you should or should not buy an annuity. It will be available at Free Annuity Report (just click on the words).

Hope this helps.

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