MYTH: Complaints Soar About Equity Indexed Annuities

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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