I just back from dinner with my local Allianz rep, and realized, among other things, I am in the wrong business! Annuity sales are quite strong at Allianz, and other annuity providers, primarily because of their guaranteed return products. In the past, I have pointed out that these investments are often merely overpriced insurance (read: money markets combines with minimal equity exposure), but give credit to the actuaries, for they have devised some intriguing new offerings.
In the case of Allianz, they offer a program that will guarantee you the "high water mark" over a ten-year period. Not sure what exactly the cost is, but I'm guessing around 1.5% or so. Very interesting. Check with your investment adviser to see if he can provide more details
Monday, March 2, 2009
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