Monday, January 28, 2008
Annuity sales can destroy estate planning strategies
Insurance agents and advisers are hawking annuities without grasping the adverse impact on clients' estate plans, industry observers said... The annuity industry brought in $189.4 billion in year-to-date sales by the end of the third quarter last year, a 6% gain from the same period in 2006, according to data from Limra International Inc., in Windsor, Conn.
With those numbers in mind, a big concern among attorneys is that insurance agents are hailing the tax benefits of the policies to persuade clients to buy them, oftentimes without regard to the negative impact on estate plans...
Investment News: Annuity sales can destroy estate planning strategies
With those numbers in mind, a big concern among attorneys is that insurance agents are hailing the tax benefits of the policies to persuade clients to buy them, oftentimes without regard to the negative impact on estate plans...
Investment News: Annuity sales can destroy estate planning strategies
Permalink posted by markw @ 10:11 AM 
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