Quote:
Originally Posted by Eg_cruz
You can always call the company direct and ask for a sample policy……
I will agree I one thing annuities in The Villages from poster boy and the other are being missed sold and over sold at the clients cost with riders fees.
Get a simple no fee Fixed Index no more then 7 year schedule, no Riders and you will average 4-5% at not risk, for about 20-30% of your net worth (not including your home) for a safety shield from market lost.
Being all in anything make zero since. Fixed Index Annuities make a good foundation for you investments, again as long as your not putting those stupid Income Riders on it.
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Not exactly. I have called several insurance companies in the past to ask for a policy document to advise friends on a specific annuity they were being sold. None of them would send me a sample policy. Two or them were very rude and actually hung up on me. As explained to me, their procedure is to provide a brochure and for the salesperson to answer any questions about the annuity. You must provide the invested money and sign an agreement to purchase the annuity. Then, the insurance company will send you the entire contract, which is typically more than 150 pages. If you don't like the contract, you have 30 days to revoke it and ask for a refund of your money. That was my experience in trying to obtain an annuity contract.