Indexed Annuities Offer Large Profits and Commissions for Insurance Companies, but Questions Remain as to Whether these Products are Good for Clients
Since the first Equity-Indexed Annuities appeared in the product lines of insurance companies in the mid 1990’s, significant confusion has abounded. These annuities can be classified somewhere in the void left between fixed annuities and variable annuities. In this regard, many individual investors are naturally attracted to the perceived benefit derived by Equity-Indexed Annuities. Benefits are described as including, protection from market downturns due to the fixed interest rate portion of the annuity, and the ability to reap the benefits of market upturns due to the variable interest rate portion of the annuity. The concept seems simple, but the simplicity surrounding Equity-Indexed Annuities ends abruptly.
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Ryan R Bradley is a civil litigator based in Champaign County Illinois focused on representing plaintiffs in a variety of cases form medical malpractice to automobile accidents.