Thursday, July 24, 2008
AnnuityMD.com Announces the New Annuity Video Blog
AnnuityMD.com has just added a new video blog to their site. It is located at AnnuityMD.com/annuitiesvideoblog.
Over time, content via video will be added. This will be annuities content that will assist consumers in learning about annuities and assisting them when it comes to getting help with their annuity.
There will be video added over time and each week their will be new annuity video added.
Please feel free to stop by and check it out. Furthermore, if there are any topics you want covered regarding your annuities, please feel free to ask and we will add it.
Thank you and I hope this helps.
Thursday, July 17, 2008
Annuities: What the Heck Did I Buy?
Just yesterday I received a phone call from a gentleman who mentioned that he never thought about an annuity but was thinking about an Aviva Annuity because a high pressure salesman came by and convinced him it was a good idea.
Unfortunately, this is how many annuities are sold. They are forced upon a consumer by a slick or high pressure salesperson and the consumer, only a short time late to leave the consumer wondering what the heck they purchased.
It amazes me that most consumers, YES MOST OF THEM, have no idea what their annuity does or how it works. It is only evident that they have no clue what they purchased. If this is how you feel then you are not in the minority. Unfortunately, there is never full disclosure to a consumer when they purchase their annuity.
So what's the point? If you own something that you don't know about, it's time to do a little homework and figure it out. There are so many features (good and bad) about annuities that if you wait until you need the money to figure it out, how yours works you may be disappointed. And if you are thinking about buying an annuity, don't let a high pressure salesperson talk you into it unless it is exactly what you need.
So, Mr. X who called me yesterday, I told you I would write a little article about you so this one's for you. Yes, you told me you weren't in the market for an annuity so why would you let a 'high pressure salesman' talk you into it? If you like what he had to say then tell him you'll get back to him and in the neamtime do your homework. If you didn't then tell him to go away...yes it's that simple.
Well, I hope this helps. But in the end, just stay away from the situation that would have you waking up one day thinking, 'what the heck did I buy'?
Now that you know more about how to avoid being talked into buying annuities, learn more about how to do your homework so you can buy the annuity that's right for you if that's what you are looking for.
Tony Bahu is the CEO of AnnuityMD.com and the author of 'Annuities: The Shocking Truths Revealed' which is a book that reveals the shocking secrets about annuities that agents and insurance companies DON'T want you to know. Please visit http://www.annuitymd.com/ for more information.
Thursday, April 10, 2008
Annuity lawsuits are becoming a lot more prevalent these days. Fixed annuities, Equity Index Annuities, and Variable Annuities are all coming under scrutiny and justifiably so. There has been tremendous abuse connected to annuity sales to consumers.
However, many people are now finding that there is some recourse. But, the challenge is proving that there was some sort of negligence or willful misconduct. So that becomes the challenge. The reason is simple. You may be in your annuity and know that there is something wrong but not quite know how to pinpoint it. Or worse, you may absolutely know there is something wrong with your annuity but not know EXACTLY what is wrong. YOU ARE NOT ALONE.
Annuity Lawyers: What's the Problem?
Sometimes, unless you are well versed with annuities, it is hard to what the problem is with your annuity. You may have lack of performance due to high fees, a poor crediting method, a tax time-bomb, limited liquidity, or one or more other problems, but not quite know to what degree or to what extent. But that is quite critical when going to an attorney. Chances are the attorney, unless he specializes in annuity lawsuits and is very familiar with the inner workings of annuities is NOT going to know how to assess the TRUE DAMAGE that was done to you in your annuity. Let me repeat---most attorneys don't know how to assess the damage done to you unless they are annuity and financial experts and most of them aren't. So you have to hope that they have the right experts to assist them. Also, they have to also be on top of securities, insurance, and other complex laws. Otherwise, your case may not be successful and you have lost your shot, and unless the attorney is on contingency, paid a lot of money for nothing.
The Major Key to Recovery from Your Unsuitable Annuity
Knowing what your losses or damages are play a MAJOR role in recovery from your annuity company as well. Thesefactors are critical to get right if you are torecover what you are entitled to from the annuity company. If you cannot quantify your damages and explain why it shouldn’t have happened, then how can you have recourse? You must be able to prove that there are damages, the extent of the damage, and how the agent and or the annuity company are responsible. So unless you can do that or have a resource to do that (if you don't, we're going to show you how), your recovery efforts will probably be unsuccessful.
So the bottom line is, annuity lawsuits have been more prevalent but the ones that have gone favorably for the consumer have been the ones where the consumer goes in with a FULL assessment of the true damages properly documented and the right argument for why they should get out of penalties, recover lost interest, etc.. Stay tuned for the next several days and weeks to learn in full detail what to look for and how to take action. Alternatively, if you feel like you are in an unsuitable annuity and want to take action right away, feel free to visit AnnuityMD.com to begin the discovery process. IGNORANCE IS NOT BLISS
Wednesday, March 12, 2008
With that said, I would like to mention something for annuity agents to think about. Do you know you are doing the right thing for your client? I mean, I am sure you THINK you are but do you really know? I have seen the lawsuits being filed and in many cases, the agents are misinformed.
Well, you don't have to be. At this very moment, there is a resource for consumers and agents to get their hands on....and guess what. At the moment I am writing this, it is being offered at no charge. It is a simple yet extremely powerful 98 page information filled document that sheds light on annuities in a way you've never seen before. This thing is loaded with great information on variable, fixed, and equity index annuities.
So no matter how good you think you are, I promise this is worth a look. So take a moment and go to AnnuityMD.com and get a copy of 'Annuities: The Shocking Truths Revealed'. You may be surprised at what you might learn!!!
Ignorance is NOT BLISS
Tuesday, March 04, 2008
Years ago, AnnuityMD.com was introduced to the public and it was a site designed to be an 'Objective Annuity Consumer Protection Firm.' In otherwords, AnnuityMD was designed to provide unbiased information to people who wanted to know about annuities. Not the textbook explanation. But what it is that agents aren't telling them---the inside secrets that are never revealed to them.
So that's where AnnuityMD.com came in. It was just that. The plain and simple unbiased truth about annuities. And since it's inception, this website, through it's report has literally helped hundreds of people avoid the costly mistakes that people make when buying annuities. And guess what? It just got better.
Now this free annuity report can be yours for FREE. No, there is no catch. You can read the entire story on the website. However, this offer may only be good for a limited time. It has sold, since it's inception for $50 to $100 and has sold quite well. There is a chance now to obtain a copy for no charge.
Therefore, if you are suspicious about your annuity, your annuities, your agent, or anything regarding your investment, you NEED to pick up your copy now. It is worth it. Oh, and by the way, if you think AnnuityMD is giving this away to try to make you an annuity lead, you're wrong. AnnuityMD and its affiliates DO NOT SELL ANNUITIES. Therefore, you can be rest assured that you are not going to be an 'annuity lead.'
I certainly hope you take advantage of this offer. If the offer is no longer available by the time you read this, please do not e-mail us requesting your free copy.
Ignorance is NOT BLISS
Tuesday, February 27, 2007
From an earlier blog post, here is the definition of a two tier annuity:
'Now, as far as two-tiered annuities, they have no defined end of term. This means that no matter how long you keep the money in, it has to stay in until you 1) stay in for a defined period and 2) take your money out over a defined period. It calls for two sets of action in order to free yourself of a surrender charge. It is sometimes not a great deal for the client.'
So awareness is the key to making great decisions. With that in mind, what you need to know is this. Two tier annuities have been and continue to get heat from consumers and attorney generals all over the country. Some states have gone as far as banning them from being sold in their states (one example is New Jersey). Some companies are notorious for having many two tiered annuities in their portfolios. They may seem like a good deal but you must be aware of ALL factors before getting involved. Two tier annuities are not horrible for everyone or every situation, but they can be detrimental if you don't know what you're getting into.
With that in mind, it is important to know your product and ask your salesperson very detailed questions. Don't get caught in a two tier annuity if you don't know everything about it.
Next time I will point out a list of specific two tier annuities that you will want to be careful of before you get involved. Until then...
Ignorance is NOT Bliss....