The Positives And Negatives Of Fixed Annuities
May 3, 2022 by Harry Stout
As we move through 2022, and given the economic uncertainty they face, aging consumers are becoming more familiar with the great intrinsic value of fixed annuity products (e.g., tax deferral, principal protection, guaranteed income options, unlimited purchase ability, and probate avoidance among others). Consumers are asking more questions about fixed annuities in order to improve their knowledge of the product.
In opening the door to interested consumers, financial professionals should fully comprehend the positives and negatives of fixed annuities and work to educate clients on all key product aspects.