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Old 04-17-2008, 08:57 AM   #201
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I agree.....but if 40% of your income is from annuities, and 85% of all VAs are sold with the "guaranteed income riders", that might be a problem.........in the future...........
Or maybe they just sell a lot of fixed annuities and (ech) EIAs. I dunno and would have to do some digging to find out.
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Old 04-17-2008, 09:51 AM   #202
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I agree.....but if 40% of your income is from annuities, and 85% of all VAs are sold with the "guaranteed income riders", that might be a problem.........in the future...........
Thus far, Hartford hasn't done that much in the guaranteed riders. In fact, they are probably the stingiest with features offered. They may have quite a bit currently in VA's, but most of that was just Principal First contracts that offered very little in guarantee, and in fact, didn't even guarantee all your money back. They are one of the few I have to respect for staying conservative, and yet hate because they aren't competitive currently.
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Old 04-17-2008, 09:53 AM   #203
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I bet that I could ask "Do you think Bear Stern will blow up" last year and you would have said "no"...

But then again... JPM bought it all and guaranteed everything so in a sense as far as clients.... it did not blow up...

I agree with you here. The greatest risk I see are the insurance companies extending their benefits too far. However, keep in mind, you can always pull your money out. You're not annuitized and therefore the money still belongs to you and while you may lose a guarantee, at least you can always get your principal back.
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Old 04-17-2008, 09:59 AM   #204
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I agree with you here. The greatest risk I see are the insurance companies extending their benefits too far. However, keep in mind, you can always pull your money out. You're not annuitized and therefore the money still belongs to you and while you may lose a guarantee, at least you can always get your principal back.
Well, that applies only if the surrender schedule is gone..........
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Old 04-17-2008, 10:00 AM   #205
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Or maybe they just sell a lot of fixed annuities and (ech) EIAs. I dunno and would have to do some digging to find out.
Hancock scares me a little. They are the number ONE writer of VUL in the country.............
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Old 04-17-2008, 10:25 AM   #206
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Well, that applies only if the surrender schedule is gone..........
No, you can always take your money out. I didn't say anything about costs or surrender charges. Your money isn't held against your will. If I feared my money was with a company about to go belly up, I'd definitely be paying the surrender charge to get it away from there.
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Old 04-17-2008, 10:30 AM   #207
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No, you can always take your money out. I didn't say anything about costs or surrender charges. Your money isn't held against your will. If I feared my money was with a company about to go belly up, I'd definitely be paying the surrender charge to get it away from there.
Well, you DID say you could get your PRINCIPAL back, which is NOT always the case..........a little nitpicky, I know..............
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Old 04-17-2008, 12:41 PM   #208
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I gotta get me one of these annuities, I figure if the expenses are under 4% (SWR) my money will last forever.
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Old 04-17-2008, 12:42 PM   #209
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I gotta get me one of these annuities, I figure if the expenses are under 4% (SWR) my money will last forever.

Buy one from the nicest salesperson.
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Old 04-17-2008, 12:44 PM   #210
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Well, it's gonna be Art or FD. I want to keep it in the family.

One last question though, if the ins company is taking the 4% SWR what's left for me?
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Old 04-17-2008, 12:46 PM   #211
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One last question though, if the ins company is take the 4% SWR what's left for me?
The warm feelings?
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Old 04-17-2008, 01:10 PM   #212
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Well, it's gonna be Art or FD. I want to keep it in the family.

One last question though, if the ins company is taking the 4% SWR what's left for me?
Your 6% guaranteed income. Now what have you gained from your mutual funds this past year?
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Old 04-17-2008, 01:28 PM   #213
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So now there's 3 things guaranteed in life,

1 death
2 taxes
3 annuity income

They'll have to change that phrase to add the annuity.
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