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What Are Fixed Index Annuities?

Assembling the optimal retirement plan is critical for today’s seniors given that their retirement years will likely be much longer than that of the parents.  Most troubling, is that many of today’s retirees do not have the comfortable pension plans to offset the ever-increasing risk of life longevity (living longer than ones retirement savings can  Full Article…

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Major Annuity Carrier Gets Downgraded

A.M. Best Company, a leading ratings agency in the insurance and annuity marketplace, announced this week that it has downgraded its ratings for The Phoenix Companies, Inc. and its subsidiaries.  Not only did A.M. Best Company downgrade Phoenix on its financial strength rating, but it also lowered the rating for its issuer credit ratings.  Headquartered  Full Article…

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Different Types of Fixed Annuities

Today I would like to briefly touch on the different variations of annuities.  There’s not just one annuity out there, and I feel like they get lumped up together causing confusion and misrepresentation. Fixed Annuity – This type of deferred annuity is similar to a CD.  You know today, exactly what fixed rate of growth  Full Article…

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Solution to a Rising Interest Rate Environment

A year ago when a client or prospect was approached by an advisor to move a portion of their “save money” into an annuity, some common objections were: “rates are too low”, or “why would I lock my money up now “what if interest rates start to rise?”  All are valid points.  And I’m sure  Full Article…

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Caps are Rising!!!

Finally Rates are on the rise!!!  It’s been a tough 2 years with rates on fixed and fixed index annuities being at an all-time low.  With fixed index annuities, you typically are not guaranteed growth because you are participating in stock, bond, or commodity indexes with 100% downside protection from market volatility.  The trade-off for  Full Article…

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Simple Interest vs. Compound Interest

By definition, simple interest is called simple because it ignores the effects of compounding.  With simple interest, the interest is always based on the original principal.  With compound interest; interest accrues on the initial principal and the accumulated interest of that principal.  So in layman’s terms, compound interest is interest on interest.   Let me share  Full Article…

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Immediate Annuities: The Opposite Of Life Insurance

In this day and age of employee-sponsored qualified retirement plans such as 401(k)s and 403(b)s, many of us have never known what it would be like to have a pension plan with an employer.  Many of our parents and grandparents have lived out their retirement years with funds received as a pension payout from their  Full Article…

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Rates and Caps are on the Rise

If you are classified as a senior or a baby boomer, then you most likely are familiar with the term annuity.  An annuity is an insurance product that is designed for your “safe money”, money which you can’t afford to lose.  There are four different types of annuities out there; traditional fixed annuities, fixed index  Full Article…

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