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Educational Resources

By Dan Schulte, Vice President and Manager, Annuities and Insurance

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These last few weeks have demonstrated how connected our world is. In addition to the virus spreading, financial anxiety is also spreading across the land. While annuity products cannot make you immune from a virus, they can help relieve your financial anxiety by contractually guaranteed* products that can be designed to fit your needs.

When the market swings wildly as it has recently, would you feel better if you had a certain portion of your assets in a contractually guaranteed*product, issued with a strong insurance carrier, that provides a (financial) benefit that couldn’t change regardless of market conditions?  If so, a discussion of various annuity products with your advisor might be in order. He or she can help design a plan to help alleviate your most pressing concerns by adding riders and investment features that fit your profile.

Also, if you already own an annuity, it may be a great time to revisit the features and benefits of the policy. Often additional dollars can be added to an in-force contract that may be able to provide value that couldn’t be offered with a new product in the marketplace today.

Annuities are long-term investment vehicles and will often have surrender charges, so you should be sure to have enough liquid assets outside of an annuity. In addition, other fees and expenses can vary greatly by product and features selected. Because of the complexity of annuities, you should always understand the features, risks and costs prior to making a purchase. Your Benjamin F. Edwards & Co. financial advisor can help you analyze your situation and discuss various options as a complement to your portfolio.

*All annuity guarantees are subject to the claims-paying ability of the issuing company.

March 25, 2020 |