| There have been
many questions posed regarding fixed annuities. One buys fixed
annuities for their safety and the backing of insurance companies but
that's not always what they get. Often times, one finds out that
their annuity is not serving their financial future and soon discover
the heavy penalties to escape. In fact, at any given moment, you
can find disgruntled annuity owners trying hard to get out of their
fixed annuity contracts.
As time moves on, investments seem to become more complicated.
Fixed annuities are certainly no exception. Everywhere you turn,
there seems to be negative press on annuities. Although much of
this is exaggerated due to media hype, some of it is not
unfounded. We have interviewed countless number of individuals
who feel like they have been 'fooled' by the insurance company or the
agent who sold them the so called 'safe investment.'
The bottom line is that the black and white isn't always that
obvious. Many of the sales pieces for these annuities aren't very
clear. The 'client approved' piece(what your agent show you)
seems so rosy compared to the fine print in the actual prospectus (the
piece they usually don't show you until after you sign) and if you have
ever done your homework, you know exactly what I am talking about.
So what causes many annuity owners to be fooled and get into something
that doesn't serve them? That answer isn't so obvious.
There are various reasons for this. Often times, ommissions occur
by the agent either knowingly or unknowingly. Sometimes the
client just fails to do their homework. And sometimes, the
insurance company just has a product that is inferior to other
investment alternatives that are available.
Whatever the case, AnnuityMD.com is committed to making sure that
prospective annuity buyers are aware of ALL the facts before they
buy. We offer a comprehensive and detailed book titled
'Annuities: The Shocking Truths Revealed' which uncovers much of the
hidden truth behind these often controversial vehicles called
annuities. In all fairness, they certainly are not always bad
deals. In fact, they can sometimes be a huge benefit when used
properly. All in all, it's a matter of knowing what you buy and
most importantly buyer beware. The best way to avoid the mistakes
in the first place is to be educated. Ignorance is not bliss
especially when it comes to your money.
To get more information on how to avoid being taken advantage of by a fixed
annuity, please visit us at
AnnuityMD.com and take a look at what we have to say. It may save
you a fortune.