Where can one find the best value proposition in the annuity industry these days? Fixed rates are very low and variable products don’t protect against market volatility and contractual guarantees can be expensive.
Let’s take a look at fixed index annuities for a moment, a product that offers upside growth potential with protection of principle. John Rafferty of American General Life tackles the subject in a recent Insurance News Net blog. Here is John’s article.
Since cap rates on fixed index annuities fall with interest rates, John offers some insight on how to choose the proper crediting method in order to maximize growth.
The way I see it, safety is of paramount concern in today’s economic environment. Few pre-retirees can afford to risk valuable retirement assets and even fewer want to do so.
The value in fixed index contracts is clear… consistent protection and growth potential in addition to the highest levels of guaranteed future income available.
If you don’t have a pension waiting for you, consider fixed index annuities as a way to ensure a reliable income source in your retirement years.
For information on how these products work and availability in your state, contact me at your convenience via phone (800.438.5121).
Visit here for a refresher on fixed index annuities