29 May 2015 Beware of the “Guarantee”
Posted at 08:29h
in The Friday Brief
Since the Financial Crisis of 2008 and 2009, insurance agents, stock brokers, and bank representatives have been in high gear selling life insurance products to investors clamoring for anything that ensures them against the drubbing they received in the markets. They hear of enticing promises like "Guaranteed Income," "Guaranteed Principal," and "All the market's upside with none of its downside" and they find them hard if not impossible to resist. Are annuities and indexed life products as good as their promoters claim they are?