Insurance pros pitch annuities as antidote to market downturns
Life annuities are for life.That is what the President is trying to say but he is not making it clear enough that the payments continue for the lifetime of the owner(s).
He also needs to make clear to his salespeople NOT to use annuities where all or some of the money is invested in the market.All the money from the git go needs to produce an unchangeable monthly income so the client can live in peace.He or she or they have purchased ” peace of mind ” with this life annuity which can’t be rassled to the ground by some present or future salesman to the possible detriment of the life annuity buyers.