As we recently blogged, variable annuities are great for agents and insurance companies but generally not good for investors (when light is shined on them). They are very popular with investors and many accountants because they don’t know the full story: click here
Recently we added a new client who had nearly 100% of his investments in products good for the broker and not good for him. A majority of these were in variable annuities.
Why? Because most of the products have commissions of 7% or more UP FRONT. We know this because we can offer similar products with lower fees. In fact, we can often save our clients 3% or more in annual fees.
The graphic below illustrates this:
If you, a friend, or a client owns a variable annuity or whole life insurance we have some good news. We can RESCUE the annuity by getting it out tax free (if necessary) and saving you tens of thousands of dollars a year. We can show you EXACTLY how much your decision to “insure” income is costing your beneficiaries!
To learn more about other conflicts of interest visit our page: http://globalviewinv.com/conflicts/