Are annuities safe for seniors

    • [PDF File]Guide to annuities

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      annuities to suit specific requirements has also increased. Challenger has been a leader in developing the range of annuities available, and offer the following types of annuities, each with their own features and benefits. Term annuities Term annuities provide regular and …


    • [PDF File]FACTS ABOUT ANNUITIES Is My Annuity Protected

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      FACTS ABOUT ANNUITIES NAFA.com Is My Annuity Protected If My Insurance Company Fails? J UNE 2 0 1 4 Yet many people do not know there is a difference between the insurance protection offered to …


    • [PDF File]Safe Seniors

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      For seniors, annuities are more problematic. For one, annuities are not FDIC insured. A second concern is that annuities are long-term in nature. The investment money is often locked into the contract for several years and cannot be withdrawn unless significant penalties are levied. A third concern is that variable annuities often lose money.


    • [PDF File]The Fight Against Inappropriate Annuities for Seniors and ...

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      The Fight Against Inappropriate Annuities for Seniors and How Elder Law Attorneys Can Help ... The Fight Against Inappropriate Annuities for Seniors and How Elder Law Attorneys Can Help ... annuity is a completely safe hedge against loss of principal ...


    • [PDF File]FACT SHEET Annuities: Questions for Senior Consumers

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      Annuities: Questions for Senior Consumers Seniors should be extremely careful before purchasing an annuity. Annuities are complex financial investments. Many have high commission costs and can block access to money for many years. When a senior purchases an


    • [PDF File]Investment Products and Sales Practices Commonly Used to ...

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      two insurance agents who fraudulently sold charitable gift annuities to seniors, telling them that their money would be invested in secure accounts. Instead the funds were placed in high-risk, speculative investments with the potential for a complete loss of those funds, and the insurance agents helped themselves to $1.3 million in commissions.


    • [PDF File]ANNUITIES AND SENIORS- OFTEN A COSTLY MISTAKE Written by ...

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      ANNUITIES AND SENIORS- OFTEN A COSTLY MISTAKE Written by Jan L. Brown, Esquire (The names in this article have been changed to protect the privacy of the individuals.) When Margaret needed money to help pay for her needs and her husband's nursing home bill, she planned to use the money in his deferred annuity which they had


    • [PDF File]Beware of Unsuitable Investments for Seniors

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      annuities as being as safe as or better than CDs. Beware of agents urging you to switch annuities. The SEC warns consumers that some sellers of annuities products urge customers to switch to another annuity, ... Beware of Unsuitable Investments for Seniors Created Date:


    • [PDF File]Understanding Annuities Guide

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      superannuation money. Some annuities may also help you access or increase your seniors benefits like the Age Pension and the Commonwealth Seniors Health Card. Here we will explain annuities in more detail to help you understand how this type of investment might benefit you. …


    • [PDF File]C onsumer Affairs Division Arizona Department of Insurance ...

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      v. 20150507 Consumer Guide to Annuities for Seniors Page 3 of 3 Remember, even though you have a meeting with a producer, you have no obligation to buy anything. Be alert for deceptive sales practices, or a high-pressure sales pitch that requires you to make a decision immediately.


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