Sounds a bit like HECV life insurance, looks better up front, but long term they get that money back through reduced crediting rates ?
@IBCGlobalInc
2 ай бұрын
Great point. It is similar to the HECV with the upfront value, but with surrender fees.
@jaycox1836
2 ай бұрын
Funny story, my mom has an indexed annuity, and when I went to rebalance it, they had removed her best performing index. Only by not rebalancing would they let her keep the best performer (a NASDAQ index). Oh, and they lowered her cap rates after the bonus period. But the bonuses are excluded from the surrender value, so you're financially locked in.
Пікірлер: 3
Sounds a bit like HECV life insurance, looks better up front, but long term they get that money back through reduced crediting rates ?
@IBCGlobalInc
2 ай бұрын
Great point. It is similar to the HECV with the upfront value, but with surrender fees.
@jaycox1836
2 ай бұрын
Funny story, my mom has an indexed annuity, and when I went to rebalance it, they had removed her best performing index. Only by not rebalancing would they let her keep the best performer (a NASDAQ index). Oh, and they lowered her cap rates after the bonus period. But the bonuses are excluded from the surrender value, so you're financially locked in.