We work with annuity clients every day and we see the same mistakes made over and over. Here is a quick list of the more common mistakes made that you should avoid.
Buying an annuity based on the company’s name- This is the biggest mistake I see made the most often. Buying an annuity simply because you know the company name is a sure fire way to ensure that you are buying a product that is not competitive. Look at the payouts when buying an annuity instead of just trusting that a big name company is going to be offering you a good deal. Most often, it is the big name companies that are relying on that big name and are not looking to be best in class. They know they name will bring in customers so there is no need to be making a great offer. Read more