Variable annuities are securities. You can lose all your money, unless you deposit the entire amount into the guaranteed interest rate account. Before moving forward with variable annuity recommendations you must first, like all security purchases, establish your financial profile, risk tolerance and economic goal to establish client suitability for this and/or any other product.
The present variable annuities may be too expensive for the value proposition of an investor. Last decade, during the interest rate arms race, variable annuities had economic viability. Today these policies have changed enough to warrant due care examination of the cost versus the value they deliver.
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The present variable annuities may be too expensive for the value proposition of an investor. Last decade, during the interest rate arms race, variable annuities had economic viability. Today these policies have changed enough to warrant due care examination of the cost versus the value they deliver.