It's debatable if the fiduciary standard is 'higher' than suitability. But the better question might be, who's holding the bar?
Annuity FYI, a free resource for comparing annuities, has released free online tutorials about Lifetime Income Benefits and Secondary Market Annuities. These tutorials are designed to help investors understand how these products work, what they cost, and how to choose one that best fits their needs. Both can be downloaded and printed for offline use. Lifetime income benefits (LIBs) can provide a guaranteed income stream for life; secondary market annuities (SMAs) provide guaranteed fixed payments and currently boast returns as high as 6.5%.
Annuity FYI’s Director of Marketing Greg Shaughnessy explains “The Center for Retirement Research at Boston College recently reported that over half of American households will not be able to maintain their current standard of living in retirement.”
Lifetime income benefits are optional riders that can be added to many base annuity contracts. These riders can offer a guaranteed stream of income that investors cannot outlive, even during periods of market volatility or if their account value falls to zero. Secondary market annuities require a fixed one-time investment, and in return, the investor receives a fixed rate of return over a specified time period through a series of periodic payments. The periodic payments are the direct obligations of insurance companies such as MetLife, Prudential and Allstate.
In addition to the tutorials, Annuity FYI makes available by phone Annuity FYI Experts to answer questions on LIBs and SMA. There is no charge for this service.
ABOUT ANNUITY FYI
Annuity FYI is a free resource for learning about, comparing, and selecting the most competitive annuities. Annuity FYI was launched in November of 2000 and has since become the nation’s most respected resource in leading financial publications including Barron’s and The Wall Street Journal. Annuity FYI’s mission is to seek out the very best annuities and annuity riders among the thousands of products in the marketplace, and give investors the tools and information necessary to make an informed annuity purchase. Annuity FYI also makes annuity affiliates available to individual investors toll-free to answer questions about annuities as 866-223-2121.