Annuities can play a key role in the planning you do for your clients. Annuities can enhance your efforts to deliver tax sheltered growth or predictable income streams. However, they can also be very expensive, unsuitable for certain clients, and incorrectly structured.
Similar to what AdvisorServe does for your clients with life insurance policies, we can review existing annuity contracts for their features and costs. We then match those features to your client’s objectives and also compare those products to other products that may better serve your clients. Often advisors simply want to verify that their intention to surrender an annuity and reinvest those funds elsewhere does not have any unintended negative consequences.
Our view about the use of annuities is neutral. We look to the advisor to help determine when an annuity is appropriate and which annuity is appropriate, all with the client’s objectives and circumstances as the guiding factors.