Endowment Guide

I could sense, it was an effort to write something about selling annuity. I wonder if anyone remember still how honest should an author should be. One of the best accounts I have ever read is this article.

This is quite impressive. This publication is good. I should have one too.

I just got this nugget in my email box: The SEC has proposed Rule 151A to classify Index Annuities as Securities. If 151A is approved you will be required to have the securities license & index annuity sales will be reviewed by your broker dealer. If you're unfamiliar, an index annuity is an insurance company product that pays a low, but safe, guaranteed rate of return but enables the buyer to participate in market returns at some level.  What I have seen are things like a 2% guaranteed ..[more].

Take a look on this one post on not long ago.

There are a lot of annuity salesclerks out there that are not going to like what I have to say about these types of annuities. There are many strong arguments (sales pitches) in favor of them. And, I am willing to admit and accept the fact that my opinion is just that, my opinion. I may not have considered certain factors that would enlighten me if I had. However, I have done a fair amount of research into these products viewed from one who could sell them, as well as the standpoint .. click here.

When the going gets very rough or too easy, those who are pursuing the greater good may feel a stronger compulsion to keep on pushing.

The final version of H.R. 3221: The Housing and Economic Recovery Act of 2008, has some real teeth when it comes to sell annuities and other insurance products to reverse mortgage borrowers. Burying in the 636-page bill is the language below. In basic terms, it says that mortgage lenders are welcome to sell reverse mortgages but they cannot be paid for the sale of insurance products or annuities. Some seniors have obtained reverse mortgages to buying annuities from the ..read more.

Not that the filling was any problem, of course. It was the empty I couldn't handle.