Sh'd I go for Fixed Annuity?

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Posted: Mon May 12, 2008 7:37 am Post subject: Sh'd I go for Fixed Annuity?

Hey guys.. Is fixed annuity better than variable annuity? What could be the major differences? Please help! Colorzone29 _________________ Register Now to have your Insurance queries solved.

Colorzone29

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Posted: Mon May 12, 2008 8:02 am Post subject:

hi, there are benefits associated with a fixed-rate annuity. The rate of interest that it pays is not too less. the index-interest crediting rate for the period is pre-decided & stable. Only that its to be seen how the index will act. Even when the stock market collapses, both the fixed-rate & the fixed-index annuities would retain their stable principal or credit interest. Thanks, File-highflier09 _________________ Register Now to have your Insurance queries solved.

File-highflier09

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Posted: Mon May 12, 2008 8:06 am Post subject:

Hey File-highflier09! Why are we forgetting the mortality & managing charges associated with the variable one? Besides I can't see the min. rate of interest for it. I have all the reasons to feel that the fixed one is a better option. Regards Bollytodler _________________ Register Now to have your Insurance queries solved.

Bollytodler

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Posted: Mon May 12, 2008 8:17 am Post subject:

Guys, See the accumulation rate on a fixed annuity comapred to other savings instruments. The owner has to remember that the annuity is beneficial when it gets annuitized. FAs are the best for seniors, as they are paid with a higher rate of interest & also gets them a hand over their taxes. PokemonC _________________ Register Now to have your Insurance queries solved.

PokemonC

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Posted: Thu May 15, 2008 7:45 pm Post subject:

Colorzone29 wrote:

Quote:

Is fixed annuity better than variable annuity?
What could be the major differences?

A Variable Annuity is an investment vehicle.

A Fixed Annuity or Fixed Indexed Annuity is a savings instrument.

The principal in a Variable Annuity is subject to direct downside market risk.

The principal in a Fixed Annuity is NOT.

Our stock broker competitors sell the vast majority of annuities nationwide yet when these contracts implode it's insurance agents that get blamed by the news media because they are too damn stupid to understand the registered representatives HAD to get an insurance license to be able to sell the infamous bloated pig with lip stick known as a Variable Annuity.

Insurance agents that are/were trained in the insurance business don't sell variable annuities because they violate the fundamental aspect of SAFETY OF PRINCIPAL that is inherent in ALL annuities EXCEPT:
Variable Annuities.

Read THIS article for very accurate information.