The Time to Buy a Fixed Indexed Annuity Is Now
December 27, 2023 by Sean Ruggiero
It is my obligation as a financial professional to offer clients the financial product and plan that best suits their unique situation.
In many instances that plan can include a fixed indexed annuity (FIA), and it’s important that all financial professionals know something about them.
Click HERE To read the full story via Think Advisor
Wink’s Moore on the Market: I appreciate the spirit of this article. I DO think it is a great time to be purchasing indexed annuities.
However, I don’t see eye-to-eye with Sean A. Ruggiero on this matter-
“Contrary to some conspiracies I’ve heard, an insurance company does not want or intend to ‘bait and switch’ participation rates for their clientele.”
SOME companies DO intentionally price their products to have lower rates in years 2+, as compared to the first-year rates. I have worked with product management teams that have followed this philosophy.
And as far as the hypothetical example in this article, you cannot assume current options costs/participation rates, over a historical period. Rates can and DO change, over time. -sjm