July 26, 2008
An automobile with a carburetor is NOT fuel injected
A ball point pen is NOT a fountain pen
A fixed annuity is NOT a security
An INDEXED ANNUITY IS A FIXED ANNUITY for the following reasons:
Fixed Indexed Annuities are not traded on stock market exchanges
Fixed Indexed Annuities have guarantees not available in public traded stocks, mutual funds, bonds, and commodities
Fixed Indexed Annuities have no brokerage commission to the annuitant/owner, no annual fees, and no cost for changing indexed interest rate strategies
The Fixed Indexed Annuity doesn't look like a stock market investment, it doesn't walk like a stock market investment, it doesn't smell like a stock market investment, it doesn't cost like a stock market investment, it doesn't lose value like a stock market investment, and it doesn't rob retirees age 70 1/2 by forced liquidation sales at a loss just to satisfy the IRS RMD
The Fixed Indexed Annuity looks like a guaranteed insurance product, pays off like an insurance product, and offers the safety of an insurance product------IT MUST BE AN INSURANCE PRODUCT