Talk of The Villages Florida - View Single Post - Do financial advisors act in their clients' best interests?
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Old 10-03-2024, 05:00 PM
retiredguy123 retiredguy123 is online now
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Quote:
Originally Posted by Eg_cruz View Post
Anyone can ask for a copy of a policy.
FYI not all annuities are bad in fact there are some very goods ones.
Not all investors/ agents are bad
Fixed / Fixed-Index Annuities have a place in most portfolios just like stock, EFT’s and MF’s. You just have to have the right agent with the right annuity one with no riders, no fees and no crap just straight forward annuity.
Totally not true. I have personally asked several annuity salespeople to send me a copy of the annuity contract when trying to advise friends about them. They have never agreed to give me the contract. In fact, they absolutely refuse to provide it. Their policy is to collect the money from the client, and then to send them a 100+ page contract and an agreement to refund their money if the client wants to rescind the contract within 30 days. I have been cussed at and hung up on by annuity salespeople for merely asking to read the contract.