Insurance and Annuities

Insurance Contracts are Not Forever

Do not be lulled into the notion that insurance contracts are sacred.  There was a time when I believed this to be true.  The word insurance brought to mind phrases like “safe” or “locked in.”  Experience has shown, however, that significant risks exist. Insurance companies can make unilateral changes to a contract.  Two of my …

How To Get Out of an Annuity Transaction

Signing papers for an annuity does not mean the purchase is final. First let me say this: Annuities have gotten a lot of negative press over the last fifteen years and it is not necessarily deserved.  All annuity transactions are not bad. A good family friend illustrates this. She bought a lump-sum immediate annuity. This …