[jswirs]

Does anyone have an annuity through AAA Great American Life Insurance Co? The financial guy in the office of AAA has explained to us that this type of fund locks into the highest rate for a given year, but also your funds are protected from any loss should there be a downturn in the market. I'm wondering how folks have made out with this particular investment.

Thank you in advance for any replies.

[Eg_cruz]

Originally Posted by jswirs

Does anyone have an annuity through AAA Great American Life Insurance Co? The financial guy in the office of AAA has explained to us that this type of fund locks into the highest rate for a given year, but also your funds are protected from any loss should there be a downturn in the market. I'm wondering how folks have made out with this particular investment.

Thank you in advance for any replies.

Great American is a great company and it sound like he is talking to you about an Index Annuity. Be care about added a rider, if you don’t need it for income don’t put the rider on it, it cost just to much.
But Great American has one of the best FIA out there

[Stu from NYC]

Hope you have a fee paid financial advisor to give you a second opinion on this

[Joeint]

Originally Posted by jswirs

Does anyone have an annuity through AAA Great American Life Insurance Co? The financial guy in the office of AAA has explained to us that this type of fund locks into the highest rate for a given year, but also your funds are protected from any loss should there be a downturn in the market. I'm wondering how folks have made out with this particular investment.

Thank you in advance for any replies.

I bet the financial guy makes out really good with this type of investment.

[petsetc]

My thoughts, take time to read Paul Merriman’s 3 FREE ebooks.
1. First-Time Investor
2. 101 Investment Decisions
3. Get Smart or Get Screwed (read this first!)

Found at paulmerriman.com

[fcgiii]

We met with ARS after attending their free lunch presentation at Wolfgang Puck's. They push annuities that go up with the market, though not as far, do not go down below what you put in, get readjusted each anniversary date that locks in gains as a new floor, have a ten year life that can be extended if desired, allow 5% removal after the first ear and 5% more each year thereafter, and most important for us: if either I or my wife get incapacitated or have to go into a care facility you can pull the money out penalty free. Thus it seems to be a valid substitute for a long term care policy.

[Michael G.]

Originally Posted by Joeint

I bet the financial guy makes out really good with this type of investment.

Along with Great American Insurance Co.

[Babubhat]

Please don’t. Never ever. Your wallet will thank you. There is a reason cpa and lawyers not welcome at annuity seminars. They ask the questions they don’t want to answer.

It’s a lobster pot product. Easy to get into, hard to get out of. Don’t be a lobster