Advisors’ Advice: When Should Clients Exchange Variable Annuities?
October 2, 2019 by Melanie Waddell
Yes, you and your clients can exchange one variable annuity contract for another. But should you?
The Financial Industry Regulatory Authority recently warned investors about making such a move, urging them to be aware that replacing one VA with another involves “a comparison of the complex features of each security.”
FINRA, as well as advisors polled by ThinkAdvisor, stress that there are good reasons to consider an exchange — as well as situations when an exchange is generally not a good idea.