September 1, 2008
I am a Senior. I have been working with the Senior community since 1979.
Indexed annuities offer consumers significant protection
against investment risk. The DJIA has suffered a decline this year in excess of 20% from its October 2007 record, yet fixed indexed annuity purchaser will not lose any principle due to market performance, unlike a consumer of an equity security or a stock mutual fund, or a Variabe Annuity.
Both the design and sale of annuities are highly regulated by state insurance departments as are the companies who manufacture and sell them.
I was a stockbroker early in my career and that industry taught us how to move money-not how to protect. I feel good at the end of the day if I am able to protect the money my Seniors have earned for their retirement.