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NAIC Annuities Guide II - QuestionsSummaryIn this 2:09 Annuities Explained YouTube Short, Jeffrey Scott McLeod, LUTC, covers “NAIC Annuities Guide II - Questions.” I left off on page seven when reviewing the NA nic buyer guide of fixed deferred annuities. And that's not even the questions for shopping for a fixed index annuity. Do I want a fixed annuity with guaranteed interest rate or little or no risk in losing principal? If I pick a shorter or longer payout period or surrender the annuity, will the accumulated value or the way the interest is credited change? Insurance education only—not securities advice. Key takeaways
From the NAIC Buyer’s GuideFixed indexed annuities are a type of fixed annuity that earn interest based on changes in a market index; the interest rate is guaranteed never to be less than zero, even if the market goes down. When you buy an indexed annuity, you are not investing directly in the market or the index. You usually have to pay a surrender or withdrawal charge if you take some or all of your money out of a deferred annuity during a stated period. Some contracts allow a limited free withdrawal each year (for example, 10% or less of account value). Fees, surrender charges, and any market value adjustment can reduce what you receive. Read the contract for how charges work in your state. Source: NAIC Buyer’s Guide for Deferred Annuities (2022). The guide does not endorse any company or policy. For your state insurance department, see www.naic.org. Questions about fixed index annuities? Call or text 501-658-9882 · Book a time on the calendar Insurance-only disclaimer Jeffrey Scott McLeod, LUTC, is a licensed insurance producer. Content on this page is educational and discusses insurance products only—not securities, brokerage, or investment advisory services. Texas license 901162. Arkansas / National Producer Number 558629. Product availability, rates, and features vary by state and insurer. Read the NAIC Buyer’s Guide and the insurance contract before you buy. More videos |
Jeffrey Scott McLeod, LUTC — Licensed insurance producer. Texas license 901162. Arkansas / National Producer Number 558629. Insurance products only; not securities or investment advisory services.
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