Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Answer Team Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 441  
Subject: Re: what product is this? Date: 12/16/2011 6:15 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
When it comes to life insurance policies and many others, life insurance companies provide a quality service for a fair price. But when it comes to investments and retirement plans, insurance companies tend to put people into annuities. Some may be useful in some circumstances, but many are sold because of the commissions they pay to salesmen.

They are often expensive. Tricky contract wording often makes them sound more attractive than they are. Performance often disappoints in spite of the high price.

Those who are risk averse, those who require someone else to manage their money, those who want all the risk taken by someone else can do well with a variable annuity. Immediate annuities can provide reliable income for extended periods.

But most investors would be better off investing in mutual funds. Those that underperform are easily replaced. Costs are often much lower.

Everyone has to decide for themselves, but annuity products are usually not your first choice.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next


Post of the Day:
Berkshire Hathaway

Should Wal-Mart Fear a CEO With Vision?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.