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Mullooly Asset Management

Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

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Things to Remember about Most Annuity Guarantees

July 14, 2014 by Thomas Mullooly

A lot of investors who have been sold annuities believe that it doesn’t matter what happens in the market because they’ve been guaranteed a specific rate of return. When it comes to the guarantees of most deferred annuities there are a couple of things you should keep in mind. There are usually two circumstances under which the guarantee actually becomes a guarantee. Tom explains these scenarios in this week’s video.

Often you’ll find that an annuity becomes guaranteed when the owner annuitizes the contract. Another way of explaining annuitizing is that he or she surrenders the deferred annuity and its value to the insurance company. In return they receive their guaranteed percentage or whatever the contract describes. Another way that annuities become a guarantee are when the owner dies. Their beneficiaries will receive the guarantee under this circumstance.

It’s important to completely understand how the many features of these complicated investments work. It’s a shame that many people are sold these products before they entirely understand what they’re getting into. Ask every question that comes to mind when you’re considering an annuity, or any type of investment.

Make sure to watch this week’s video to hear Tom explain more about annuity guarantees.

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Filed Under: Videos, Asset Management Tagged With: annuities

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

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Wall Township, NJ 07719

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The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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