July 29, 2008
It looks like the sec is in the back pocket of the securities companies leave index annuities alone. I would say that recent statistics speak for themselves Given recent market turmoil, who has been better protected against significant investment risk—someone who bought a security, i.e., a stock mutual fund or an index fund, or a fixed indexed annuity, all of them tied to the same index? I would say that recent statistics speak for themselves: as of Friday, June 27, 2008, the Dow Jones Industrial Averagei has fallen almost 20% from its October, 2007 record while fixed indexed annuity purchasers have not lost any principal due to market performance.
--
Robert Laps