Annuity Alliance 8.1%??

[Perryinva]

Anyone look in to how Annuity Alliance is advertising an 8.1% rate?? And with a 13% bonus?

[OldShooter]

Quote:

Originally Posted by Perryinva Anyone look in to how Annuity Alliance is advertising an 8.1% rate?? And with a 13% bonus?

Looking at their site, they appear to be only a lead generator who gets paid for clicks or gets a fee if they deliver a lead that buys. They do not offer annuities, so they can advertise the moon without any risk or obligation.

I tell my investment class students that there are thousands of complex and attractive-looking deals out there. The question is: How many frogs do you want to kiss while seeking a prince, given that each kiss costs time and money? This one looks like a frog to me.

[ShokWaveRider]

https://www.annuitygator.com/indepen...z-222-annuity/

[njhowie]

Wouldn't trust these guys. Testimonials on website are made up.

Scroll down to the bottom of each of these pages - testimonials from the made up customers.

October 2016:
https://web.archive.org/web/20161029...nce.com/rates/

Today:
https://annuityalliance.com/rates/

Interesting how the dates on the testimonials changed, isn't it?

[OldShooter]

Quote:

Originally Posted by njhowie Wouldn't trust these guys. Testimonials on website are made up. Scroll down to the bottom of each of these pages - testimonials from the made up customers. October 2016: https://web.archive.org/web/20161029...nce.com/rates/ Today: https://annuityalliance.com/rates/ Interesting how the dates on the testimonials changed, isn't it?

Interesting/good job.

I don't bother to investigate any deal where my very-sensitive frog detector goes off. Sure, it might be a false positive and I may miss a prince once in a while but to me that's a very acceptable tradeoff for not doing due diligence on a bunch of worthless frogs.

[dirtbiker]

Also, I can't find any information on the company. How long they've been around, ratings, etc. I find an annuity to be inherently risky because if the company is liquidated you hope that the state guaranty association will cover losses, and even if they do, they generally have coverage limits between $100-500K. If I were considering an annuity, I would only consider one from a large A+ or A++ rated company. I DEFINITELY wouldn't get one from a fly-by-night company like this, especially offering rates too good to be true. In annuities, the financial strength of the underlying company is much more important than their rates IMO.

[njhowie]

Quote:

Originally Posted by dirtbiker Also, I can't find any information on the company. How long they've been around, ratings, etc. I find an annuity to be inherently risky because if the company is liquidated you hope that the state guaranty association will cover losses, and even if they do, they generally have coverage limits between $100-500K. If I were considering an annuity, I would only consider one from a large A+ or A++ rated company. I DEFINITELY wouldn't get one from a fly-by-night company like this, especially offering rates too good to be true. In annuities, the financial strength of the underlying company is much more important than their rates IMO.

Exactly - there is no contact information on their website - you can't pick up the phone and call. If you run a WHOIS search on the website, they're using a proxy for their registration info, meaning the owner of the site does not want you to be able to contact them or know who owns it.