Friday, January 11, 2013

Risk of buying a deferred annuity

Be aware of the risk of buying a deferred annuity. Your savings may be locked up for a long period and if you have to terminate it for any reason, you may suffer a large loss.

1 comment:

zhummmeng said...

Like any other participating or with cash value products there is a long lock in failing which results in losses. This is how insurance companies design their par product to hold you hostage. While holding hostage they make use of your money and earn for their keeping to pay themselves humongous salaries. There are policies that have maturity and breakeven point in the same year.Holding any shorter than the maturity will result in loss.You see how tricky and despicable the insurers design the products to benefit themselves.

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