A review of 10 of the largest variable annuity providers by Symetra Life Insurance found widespread increases in the fees charged to customers, reductions in guarantees and benefits offered under many riders and sometimes the elimination of an entire guaranteed living benefit offering according to Paul Menchaca in a brief article in financial-planning.com magazine, a publication for the financial planning community. Fees in most variable annuities were already egregious and now they are being raised by “9 out of 10″ of the largest providers of variable annuities according to the Symetra study.

This underscores the importance of what I have attempted to do with Forewarned is Forearmed: How to Purchase an Annuity (or not) You Will Never Regret! In Forewarned, among other things, I related how you can uncover the tremendous costs of most annuities and make an informed decision as to whether or not the guarantees they offer are worth it. In my opinion, they generally are not.

For those interested, you can read more about Forewarned is Forearmed, the first E-Book publication for Capital Markets U.com, at cmubooks.com.

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“Investor Education for Main Street America”

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"Investor Education for Main Street America"