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04-17-2008, 07:57 AM
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#201
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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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.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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04-17-2008, 08:51 AM
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#202
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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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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04-17-2008, 08:53 AM
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#203
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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 Quote:
Originally Posted by Texas Proud
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...
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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.
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04-17-2008, 08:59 AM
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#204
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by Art G
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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Well, that applies only if the surrender schedule is gone..........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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04-17-2008, 09:00 AM
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#205
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by brewer12345
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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Hancock scares me a little. They are the number ONE writer of VUL in the country............. 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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04-17-2008, 09:25 AM
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#206
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Quote:
Originally Posted by FinanceDude
Well, that applies only if the surrender schedule is gone..........
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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.
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04-17-2008, 09:30 AM
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#207
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by Art G
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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Well, you DID say you could get your PRINCIPAL back, which is NOT always the case..........a little nitpicky, I know.............. 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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04-17-2008, 11:41 AM
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#208
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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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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04-17-2008, 11:42 AM
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#209
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by 73ss454
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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Buy one from the nicest salesperson.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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04-17-2008, 11:44 AM
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#210
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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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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04-17-2008, 11:46 AM
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#211
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by 73ss454
One last question though, if the ins company is take the 4% SWR what's left for me?
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The warm feelings?
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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04-17-2008, 12:10 PM
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#212
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Quote:
Originally Posted by 73ss454
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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Your 6% guaranteed income. Now what have you gained from your mutual funds this past year?
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04-17-2008, 12:28 PM
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#213
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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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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