Your rate of return is calculated based on the accumulation value, not the income value. It’s a fictional number which you can’t withdraw lump sum, transfer out, or live on the interest. The 7-9% refers to an income rider roll-up rate. You don’t earn a guaranteed 7%-9% return when CD’s, bonds, and fixed income earn less than 4%. “Earn a guaranteed 7-9% returns.” False.HOW AN INSURANCE AGENT MIGHT TRY TO SELL YOU AN INDEX ANNUITY Bonus Tip - Watch our video titled " The 7 Biggest Mistakes Consumers Make When Buying An Annuity & How To Avoid Them".The indexes available for the product are listed below. It’s also a good idea to lock in the indexes at different times. Diversify your index annuity into a variety of indexes. Established indexes are safer and more likely to generate better returns. These fancy new indexes have not been tested in the real world. Be extremely careful with custom or proprietary indexes because you don't know the underlying holdings.We can rank 150+ income riders and show you which products guarantee the most retirement income. If you are looking for the most retirement income, request an income later quote. If you don’t need income later, DO NOT pay for an income rider. The fees are taken out of your account value. Income riders cost real money and lower your principal balance.Book a 15-minute phone call with one of our specialists, and they can help. Uncapped annuities have spreads or participation rates that limit their upside potential. Some index annuities have caps that limit their gains. Know the worst-and best-case scenarios because you are likely to earn something in the middle. You should also request a proposal for the worst-case scenario. Has an insurance agent sent you a proposal that seems “too good to be true?” Hypothetical illustrations are often the best-case scenario.If a company pays a bonus, they typically take away some of the upside potential by lowering the cap. Do not buy an annuity solely for the bonus.Looking for the highest guaranteed returns? Check out the highest fixed annuity (MYGA) rates. Studies have shown the returns of MYGA’s and index annuities to be similar. an index annuity where you might earn 1-3% more per year. You might be better off in a MYGA with a pre-determined rate of return vs.Do not trust anyone that tells you otherwise. You earn a fixed-income type of returns, not market-like returns. It does NOT compete with the stock market. The Accumulation Protector Plus competes with bank CDs, bonds, and other fixed-income products.Want our recommendation? Request a index annuity quote. Participation rates, spreads, and crediting rates can be changed without your permission. Sentinel Security Life has the right to change the terms of their index annuity at any time.Look for products with a short surrender period and no MVA if you might need access to the money. You also might be charged a market value adjustment on early withdrawals. The product’s surrender schedule is below. If you take excess withdrawals before the term is up, you will be charged surrender charges. Do not invest money you might need to live on. Make sure you are comfortable with committing your money for this period. Read our index annuity article to learn the truth about index annuities.Ĭonsidering The Accumulation Protector Plus If you like bonds, bank CDs, and other safe investments, they might be right for you.You receive some of the upside, but none of the downside. Gains are linked to a positive change in a market index. They are for investors who like safety and security. The Accumulation Protector Plus is a fixed indexed annuity.The Accumulation Protector Plus annuity is a fixed indexed annuity. We want you to have realistic expectations, so you won’t be disappointed later. Our goal is to be brutally honest with you about what to expect. Index annuities and variable annuities pay the highest commissions to insurance agents. It’s what you know for sure, that just isn’t true. If you are considering the Accumulation Protector Plus this might be the most important message you will read.īecause when it comes to index annuities, it’s not what you know that gets you into trouble. An Independent Review of the Accumulation Protector Plus from Sentinel Security Life
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