The Ideal Annuity?
Let’s face it, the prospect of shopping for annuity rates has all of the appeal of jury duty on a beautiful summer day. Who wants to compare annuity rates when you could be playing golf? But picking the right annuity is just as important as working for forty years to insure you have something to put away for retirement. Making the wrong decision can make those forty years vanish in a heartbeat.
The right annuity can make the difference between you going broke shortly after retirement or having enough to leave for your children or even grandchildren.
Many times our clients will want to know who is most popular company that offers fixed index annuities. Of course we are glad to share that information. An independent third party report from annuityspecs.com Indexed Sales & Market Report 1st Quarter, 2010 shows that there were 6.8 billion dollars of index annuities purchased in 3 months from January-March of 2010.
Long term care is the type of care you may need if you have a prolonged physical illness, disability or severe cognitive impairment (such as Alzheimer’s disease) that keeps you from living independently.
Here are some very important things to consider when meeting with your financial advisor and planning you long term care:
A local insurance agent has lost his license after failing to respond to an administrative complaint filed against him. James R. Fogle, 3108 S. Atlantic, lost his license after failing to respond to an Aug 23 complaint that he was misappropriating premiums, according to Mitchel McLawhorn, a spokeswoman in the office of State Insurance Commissioner Bill Gunter.
Fogle does not have a listed phone number and could not be reached for comment. A spokesman for the company he worked for, Security Life Insurance Co. Said he was not connected to the Daytona Beach office.
Financial magazines, newspapers, TV programs, and local communities have battered the reputation of a very strong and useful financial product, the annuity. In many cases, the most outspoken opponents of annuities are those who are not licensed to offer them or don’t really understand them.
AdvisorWorld.com Inc. has announced its partnership with National Brokerage to provide the investor and broker with quick access to tools and information that support the Life Insurance Annuity decision making process.