{"id":1608,"date":"2018-03-21T12:39:20","date_gmt":"2018-03-21T17:39:20","guid":{"rendered":"https:\/\/lifeannuities.com\/blog\/?p=1608"},"modified":"2018-03-21T13:03:01","modified_gmt":"2018-03-21T18:03:01","slug":"comments-annuities-may-offer-security-uncertain-times-article","status":"publish","type":"post","link":"https:\/\/lifeannuities.com\/blog\/retirement\/comments-annuities-may-offer-security-uncertain-times-article","title":{"rendered":"My Comments on &#8220;Annuities may offer security in uncertain times&#8221; Article"},"content":{"rendered":"<p>Here are my comments to a March 19, 2018\u00a0 article in the Toronto Star &#8220;<a href=\"https:\/\/www.thestar.com\/business\/personal_finance\/2018\/03\/19\/annuities-may-offer-security-in-uncertain-times.html\"> Annuities may offer security in uncertain times<\/a>&#8221; by Lee Schafer.<\/p>\n<p>Nice article Lee and\u00a0I would like to make some comments.<\/p>\n<p>Non-registered life annuity contracts can be guaranteed for a lot longer than 20 years. I have a client with a <a href=\"https:\/\/lifeannuities.com\/company\/index.html\">major life\u00a0annuity company<\/a>, where payments are guaranteed up to her age 115 and her lifetime!<\/p>\n<p>And registered plans can have payments guaranteed for life and\u00a0up to age 90 of the younger partner, which is the most common practice.<\/p>\n<p>But that comment from Mortenson ignores the real reason which is drummed into all financial salesmen and women.&#8221; Don&#8217;t sell annuities as you will then lose the cash to move around to make more commissions and trailer fees&#8221;.<\/p>\n<p>And that is the reason people are not inclined to buy annuities; they are actively directed into products that pay better commissions and, most importantly, trailer fees each year.<\/p>\n<p>Government pensions are annuities, the same as company pensions. Personal annuities are a pension.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are my comments to a March 19, 2018\u00a0 article in the Toronto Star &#8220; Annuities may offer security in[&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":1610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement"],"_links":{"self":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/comments?post=1608"}],"version-history":[{"count":5,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1608\/revisions"}],"predecessor-version":[{"id":1614,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1608\/revisions\/1614"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media\/1610"}],"wp:attachment":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media?parent=1608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/categories?post=1608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/tags?post=1608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}