WasatchPeaks | Pros & Cons

Pros & Cons

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The Pros and Cons of Purchasing an Annuity.

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Pros:

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  • Guaranteed income for life
  • Growth is tax deferred
  • Guaranteed returns
  • No sales charge to you on fixed indexed annuities
  • Many offer up front bonuses and health care safety nets
  • Eliminates market risk

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Cons:

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  • Variable annuities have sales charges
  • some annuities carry surrender fees for early lump sum withdrawals
  • Lack of liquidity
  • May contain fees for certain riders
  • Some products are more complex than others

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