September 7, 2008
The facts speak for themselves on "what" an indexed annuity really "is" and it has nothing whatsoever to do with "RISK."
A true "investment" from the NASD involved "risk" with NO GUARANTEES against a downside market.
People who purchase annuities understand they are getting a reflection and a percentage of the market growth, depending upon the type of "index" they choose each year, but when the market goes DOWN, their money is SAFE, and all gains from previous years are locked in.
How silly for NASD and Financial advisors to think they need to control this NON-RISK "SAVING" instrument under their umbrella of "RISK" INVESTMENTS