Questions to Ask When Purchasing a Fixed Indexed Annuity

TAMPA, Fla. - Feb. 22, 2016 - PRLog -- Contact our Team of Independent Advisors to talk if an annuity can be a fit for you: 813 964 7100
www.MintcoFinancial.com

Almost all the most popular plans  basic benefits of Fixed Indexed Annuities include:
1. Makes gains when the market goes up
2. Never loses money when the market declines (or crashes)
3. Has no loads, fees, or sales charges
4. Pays the clients an initial 5% to 15% bonus, with one I sell paying a 6% bonus  every year for the first 7 years. This is in addition to the capped market Index gains.
5. A roll-up income account guaranteeing 6-7% per year until client starts taking income. Some allow 10 years, some allow 20 years of deferral. The income is guaranteed, 5-6% per year for life, even if the account value goes to $0. Any balance in the Accumulation (Index) account still goes to the beneficiary.
6. All FIA's I'm aware of allow a 10% per year Free Withdrawal. This is not a surrender.
Of course you should not put all your money into an FIA and if you check the Suitability Questionaire the agent must submit with every FIA (which is approved or denied by the Compliance Dept) you will see they generally don't allow more than 50% of a clients assets to be in an FIA. Income and other assets are also checked.
If you need more than 10% per year during the surrender period, you should not put the money into an FIA.
At the end of your surrender period you can walk away with the full account value or you can leave the account there and take as little or as much per year as your desire.
FIA's have a fixed rate interest bearing account which you can allocate some of all of your money to. Most people put some money there so they have some gains each year, even when the Index return is 0%. This is a great option to have, since you can re-allocate funds to this Fixed Interest Account if (when) interest rates take off like a rocket.

If you want to speak about your portfolio, review, or have a question call me at 813 964 7100 or 716 565 1300

Also my website is www.MintcoFinancial.com