Posted Mar 20
This is, of course, another false statement, a blazing myth. In a recent study by the National Association of Insurance Commissioners (the enforcers of insurance regulations), the complaint ratio about fixed indexed annuities (EIAs) was 0.039%. That’s about one-third of a tenth of a percent.*
This is because
- retirees can see the handwriting on the wall, that we’re long overdue for a recession,
- they don’t want to lose decades of savings- again –
- but also don’t want to miss out on gains if they continue to occur. And finally,
- there is no other way to get as much guaranteed lifetime income from a fixed amount of principal should they miscalculate their longevity.
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