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Subject:  Re: Hybrid/Other Annuities Date:  4/17/2014  11:26 AM
Author:  Hawkwin Number:  35252 of 36785

This is far far less than 6%.

$100k investment paying $500 a month equals $6000 a year ~ 6%.

It will take years before he even gets back his principal.

Such an investment is not designed to pay back principle, just like a CD is not designed to pay back principle. The principle is intended to be left in the account for growth.

. Also, in my opinion, there are no AAA rated life insurance companies.

There are a few. I don't know why you trust them less than PSA considering the fact that most insurance policies have state guarantees up to $300,000 against default. PSA has no such protection.

Even AIG, which basically went bankrupt, did not default on a single policy.

Doesn't make one better than the other, just different.
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