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Originally Posted by fcgiii
Has anyone dealt with ARS and bought their hybrid annuities?. The say they are fiduciaries and claim they can get you annuities that go up with the market and never lose money.
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I am not knowledgeable of hybrid annuities or ARS.
I have a Allianz 222 annuity. it is a fixed annuity. It offers lifetime income after 10 years with no market losses. The "Protected Income Value" (PIV) is the basis for the lifetime income. The downside is I have experienced modest increases to my PIV mainly due to caps, spreads, participation rates. The upside is "guaranteed lifetime" and bonus increases for the PIV.
Here is information from their website.
Allianz 222 offers you principal protection from market loss, potential indexed interest, and the potential for tax-deferred growth. It also gives you two ways to receive income increases, two ways to get a bonus,1 and two ways for your beneficiaries to get a death benefit.2 You can also start income payments after as few as 10 years.