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AboutAnnuity IQ
The rating system is, more or less a secret, but it is based on common themes. We analyze the cost of the contract or benefit, how easy it is to use and we put them through “what if” situations. Based on the results, which are automated to prevent any biased behavior, it is issued a rating of 1 to 5 stars. One is the lowest rating available and five is the highest rating available.
How does this help you? Easy, because you are being sold a product, whether you are a broker or a consumer. When there is a sale being put in the balance and someone is going to make a commission, sometimes the lines between perception and reality get blurred. If you are told inaccurate information, it could affect your retirement as a consumer, or your reputation as a broker. Annuity IQ offers you facts based on research, and ratings help to make this important decision easier.
Third party evaluation is so important in today’s world. Many people could not fathom making a mutual fund decision without the Morningstar rating, so why would you make a variable annuity decision without a similar rating? The world of variable annuities is shrouded in mystery and misunderstandings.
Do you need to be an expert to understand the information? Absolutely not. Although the information is technical by its nature, we have reduced it to an easy to read format. The rating system makes the research even easier to understand. If you can read, you can use Annuity IQ’s report!
Sifting through fact and fiction in the variable annuity world is a daunting task. There is no one source for truly unbiased opinions on the internet or otherwise. Articles written mix facts with misstatements on what a variable annuity can do and how they work. Variable annuities offer features you simply cannot get from any other type of investment.
I am not talking about the traditional guarantees such as tax deferral or annuitization. I am referring to principal guarantees and income, without annuitization. Mutual funds are great investments and have historically done very well, but no one knows the future of the markets. Because of this, insurance companies launched living benefits to insure your investment.
People say these guarantees are worthless and a waste of money, we disagree. These same people say you would be insane not to have homeowners insurance because your house is a huge investment. We believe it would be insane not to insure your future income. Your home can be replaced, but if the market turns against us, the money lost cannot be replaced right away. With living benefits, even with fees and caveats, can guarantee you have future income regardless of market performance. We see this as an important step to insuring you have a stronger, safer retirement.
We guarantee no games, no gimmicks and we are not a lead source for brokers. You will see many companies promising you “special reports” or “must have tips” on annuities, but they only want your information to sell to brokers. We do not believe in that and will not sell your information to anyone, ever. Privacy is as important to us as it is to you.
The issue is which variable annuity is best for your needs? Which living benefit is best for you? These are questions not easily answered because true, unbiased and complete variable annuity information was not available, until now. If you want facts and real answers, then stay for a while. If you want to be fed opinions or a product, then there are plenty of annuity sites out there that will help you.
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