Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Friday, May 9, 2014

10 Things You Should Know Before Purchasing an Annuity

ChecklistWhen purchasing an annuity there are 10 things to know the details on prior to committing to the purchase, including:

  1. The worst case scenario
  2. The surrender charges
  3. Any better alternative products
  4. The total of all fees
  5. How safe or risky is the company
  6. How long is the state free look period
  7. If a different carriers have similar strategies
  8. Is your agent receiving incentives for the sell
  9. Your agents background
  10. Is your agent willing to put the promises in writing

See Stan Haithcock, 10 Questions to Ask Before Signing on the Dotted Line, Market Watch, May 6, 2014.


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