Annuity Upfront Bonuses
After the market chaos in 2008, many people were permanently spooked by unannounced market volatility and started looking for safety and principal protection. The annuity industry was eagerly waiting to provide that guaranteed solution, but mistakenly pushed confusing and complex products with too good to be true sounding benefits. One of these benefits, that I’m sure came from good intentions on the carriers part, has been over hyped and mis-sold by sales driven agents to low information annuity buyers across the country. That misunderstood benefit is the upfront bonus that many carriers offer to “attract” potential annuity buyers.