My wife, Georgina, has spent close to $4,000 the past two years for "investment insurance" she didn't need.
But because this insurance gave her the confidence to put more money in stock funds, her investments, even with the insurance cost, are worth $40,000 more than they would have been with her former ultraconservative portfolio.
When I say insurance, I am talking about so-called living benefits offered by many variable annuities.
For Annuity Investors, Living Benefits Are A Safety Net
Source: Sun-Sentinel
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...A recent survey of 1,000 Americans ages 55-80 with at least $75,000 to invest found that fear of stock market losses keeps many from investing in the diversified portfolios they need to generate adequate returns. Most would be interested in products with guarantees and, among those who are, most would pay 1 percent a year.
"The problem is fear of investing," said Mathew Greenwald, founder of the research firm Mathew Greenwald & Associates, which conducted the survey for NAVA, formerly the National Association for Variable Annuities...
Sun-Sentinel: For annuity investors, living benefits are a safety net
You might be interested in these entries too:
My wife, Georgina, has spent close to $4,000 the past two years for "investment insurance" she didn't need.But because this insurance gave her the confidence to put more money in...
To provide individuals with more allocation choices and greater ability to customize portfolios within their variable annuities, Nationwide Financial Services, Inc., today announced the introduction of Nationwide Custom Portfolio. The...
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