{"id":3094,"date":"2014-03-28T00:00:00","date_gmt":"2014-03-28T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/reuters-article-highlights-the-risks-of-variable-annuities-to-investors\/"},"modified":"2017-12-22T14:28:48","modified_gmt":"2017-12-22T19:28:48","slug":"reuters-article-highlights-the-risks-of-variable-annuities-to-investors","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/reuters-article-highlights-the-risks-of-variable-annuities-to-investors\/","title":{"rendered":"Reuters\u2019 Article Highlights the Risks of Variable Annuities to Investors"},"content":{"rendered":"<\/p>\n

Of all the guarantees, bells and whistles associated with variable annuities<\/a>, perhaps the biggest guarantee is the steep up-front commission the financial advisor can earn for selling the product.<\/p>\n

According to a recent Reuters\u2019 article<\/a>, variable annuity<\/a> sales in the U.S. totaled $142.8 billion last year, and brokers can earn 7 percent or more in commissions on the insurance products. \u00a0Based on simple arithmetic, the commissions earned on an annual basis exceeds a billion dollars.<\/p>\n

However, investors may be damaged when these complex products are not properly explained, tax or liquidity factors are not considered, or the advisor engages in \u201ctwisting\u201d of improper annuity switching.\u00a0 \u201cTwisting\u201d happens when a broker encourages a client to trade in an older annuity to buy a different one, often at significant cost to the client and benefit to the broker.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Of all the guarantees, bells and whistles associated with variable annuities, perhaps the biggest guarantee is the steep up-front commission the financial advisor can earn for selling the product. According to a recent Reuters\u2019 article, variable annuity sales in the U.S. totaled $142.8 billion last year, and brokers can earn 7 percent or more in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[620,582,595,580,585],"tags":[566,38,456,102],"class_list":["post-3094","post","type-post","status-publish","format-standard","hentry","category-annuity-switching","category-elder-fraud","category-investment-fraud","category-stockbroker-misconduct","category-variable-annuities","tag-annuity-switching-2","tag-elder-financial-fraud","tag-stockbroker-misconduct-2","tag-variable-annuities-2"],"yoast_head":"\nReuters\u2019 Article Highlights the Risks of Variable Annuities to Investors — Securities Arbitration Lawyers Blog — March 28, 2014<\/title>\n<meta name=\"description\" content=\"Of all the guarantees, bells and whistles associated with 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