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=20
>=20
>=20
> If I were you, I would not pay much attention to the financial=20
> stability of that particular company, nor to the "may lose money"=20
> disclaimer, but instead would focus on that extraordinary $6600 in=20
> commissions and ask for convincing evidence that the monetary return=20
> from the annuity would justify such an expense.=20
Lets clear up a few points here. That alleged $6,600 in commision is
NOT the same as a commssion payable on the purchase of a stock ! ! ! =
!
It is a commission paid to the seller by the Carrier, from thier =
General Funds.
It is NOT DEUCTED from from the purchase price...................
Instead, normally, the entire amount is credited to the Cash Value =
Account.
and earnes a stipulated (good or bad) Interest Rate.
The ONLY way that one can LOSE money on the purchase purchase of ANY
Annuity, is to surrender that Annuity EARLY. Thier is a Surrender =
Charge, very
similar to one found on the issue of any CD.......................
Of course, that=20
> evidence will not be forthcoming. She might hear something like "But=20
> this is an excellent fund. It has done great in the past ...", etc.,=20
> etc. But how many thousands of times has that been said.=20
MOST (but not all) Annuities are INTERST EARNING instruments, and
are NOT invested in any fund. Therefore there are NO "Up's & Down's."
The chances=20
> are that she would come out far better by leaving the money where it=20
> is. The fact is that by moving the funds into a new product with a=20
> $6600 cost just for making the move, she would be taking a risk and a=20
> gamble far larger than the gamble that the new fund, or any fund, "may =
> lose money" because of market fluctuations.
As I have stated above, GENERALY speaking there is NO COST involved
in the purchase of an ANNUITY....................
Cal Lester CLU
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<META http-equiv=3DContent-Type content=3D"text/html; =
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<DIV><FONT size=3D4></FONT> </DIV>
<DIV><FONT size=3D4> <BR>> <BR>> <BR>> If I were you, I =
would not=20
pay much attention to the financial <BR>> stability of that =
particular=20
company, nor to the "may lose money" <BR>> disclaimer, but instead =
would=20
focus on that extraordinary $6600 in <BR>> commissions and ask for =
convincing=20
evidence that the monetary return <BR>> from the annuity would =
justify such=20
an expense. </FONT></DIV>
<DIV><FONT size=3D4></FONT> </DIV>
<DIV><FONT size=3D4> </FONT><FONT size=3D5> Lets clear =
up a few=20
points here. That alleged $6,600 in commision is</FONT></DIV>
<DIV><FONT size=3D4><FONT size=3D5> <STRONG> NOT</STRONG> the =
same as a=20
commssion payable on the purchase of a stock ! !</FONT> ! !</FONT></DIV>
<DIV><FONT size=3D4></FONT> </DIV>
<DIV><FONT size=3D4> </FONT><FONT size=3D5>It is a =
commission paid=20
to the seller by the Carrier, from thier General Funds.</FONT></DIV>
<DIV><FONT size=3D4> </FONT><FONT size=3D5> It is NOT =
DEUCTED from=20
from the purchase price...................</FONT></DIV>
<DIV><FONT size=3D4> </FONT><FONT size=3D5>Instead, =
normally, the=20
entire amount is credited to the Cash Value Account.</FONT></DIV>
<DIV><FONT size=3D5> and earnes a stipulated (good or =
bad)=20
Interest Rate.</FONT></DIV>
<DIV><FONT size=3D4> </FONT><FONT size=3D5>The ONLY =
way that one=20
can LOSE money on the purchase purchase of ANY</FONT></DIV>
<DIV><FONT size=3D5> Annuity, is to surrender that =
Annuity EARLY.=20
Thier is a Surrender Charge, very</FONT></DIV>
<DIV><FONT size=3D5> similar to one found on the issue =
of any=20
CD.......................</FONT></DIV>
<DIV><FONT size=3D4></FONT> </DIV>
<DIV><FONT size=3D4></FONT> </DIV>
<DIV><FONT size=3D4></FONT> </DIV>
<DIV><FONT size=3D4></FONT> </DIV>
<DIV><FONT size=3D4>Of course, that <BR>> evidence will not be =
forthcoming. She=20
might hear something like "But <BR>> this is an excellent fund. It =
has done=20
great in the past ...", etc., <BR>> etc. But how many thousands of =
times has=20
that been said. </FONT></DIV>
<DIV><FONT size=3D4></FONT> </DIV>
<DIV><FONT size=3D4></FONT> </DIV>
<DIV><FONT size=3D4> </FONT><FONT size=3D5>MOST (but =
not all)=20
Annuities are INTERST EARNING instruments, and</FONT></DIV>
<DIV><FONT size=3D5> are NOT invested in any fund. Therefore there =
are NO=20
"Up's & Down's."</FONT></DIV>
<DIV><FONT size=3D4></FONT> </DIV>
<DIV><FONT size=3D4>The chances <BR>> are that she would come out far =
better by=20
leaving the money where it <BR>> is. The fact is that by moving the =
funds=20
into a new product with a <BR>> $6600 cost just for making the move, =
she=20
would be taking a risk and a <BR>> gamble far larger than the gamble =
that the=20
new fund, or any fund, "may <BR>> lose money" because of market=20
fluctuations.<BR></FONT></DIV>
<DIV><FONT size=3D4></FONT> </DIV>
<DIV><FONT size=3D4></FONT> </DIV>
<DIV><FONT size=3D4> </FONT><FONT size=3D5>As I have stated above, =
GENERALY=20
speaking there is NO COST involved</FONT></DIV>
<DIV><FONT size=3D5> in the purchase of an=20
ANNUITY....................</FONT></DIV>
<DIV><FONT size=3D5></FONT> </DIV>
<DIV><FONT size=3D4></FONT> </DIV>
<DIV><FONT size=3D4> Cal Lester CLU</FONT></DIV>
<DIV><FONT size=3D4></FONT> </DIV>
<DIV><FONT size=3D4></FONT> </DIV></BODY></HTML>
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