What Is Wrong With Indexed Annuities?

  1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Like all saving and investment products, client suitability determines the funding vehicle. There are excellent indexed annuities and many mediocre contracts, so compare and contrast policy provisions to secure a competitive contract. Policy expense loads are also important as is the quality rating of the insurance company. Indexed annuities may be an appropriate product for conservative savers who desire potential returns greater than bank CDs.
    Answered on September 4, 2013
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