The Hidden Risks of Annuities
Dismal financial conditions, such as the 2008–09 bear market and the subsequent uncertain economic recovery, often create opportunities for clever marketing strategies designed to capitalize upon investor fears. It is common for the insurance industry and Wall Street investment banks to take advantage of such marketing opportunities.
There are some investor-friendly, straightforward low-load annuity products (typically offered through companies such as Fidelity, Schwab, T. Rowe Price and Vanguard) that deliver good value. However, the annuity contracts being heavily promoted in the current market are quite different. Members of the professional staff at Linscomb & Williams have provided expert witness testimony in variable annuity litigation, providing an excellent opportunity to fully dissect these contracts. This paper shares some our experience and insights, helping you protect yourself while making the most of your money.
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