Re: Annuities...are they a crap shoot?

On 2008-03-29 02:50:11 -0700, "Cal" <cal-lester@[EMAIL PROTECTED]
> said:

>     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.

I would not be concerned so much about who pays the sales charge or 
commission as the very fact that one exists, which tends to negate any, 
probably slight, advantage of switching from one financial product to 
another. Presumably the OP's acquaintance suggested some benefit in 
making the switch, but it is hard to imagine what it could be. And 
there could be disadvantages. I would have the same doubts if it were 
some product other than an annuity and certainly would want to consider 
more than its recommendation by an acquaintance.

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