Unbiased or BS?
Depending on where you get your annuity education, it can sometimes be skewed in one direction or another. That’s why it is best to start out leaning towards unbiased sources that are not affiliated with a particular insurance company.
Some of the best sources of annuity education include:
The United States Securities and Exchange Commission (SEC)
You can find some of the best information and statistics about insurance and investment products on U.S. government-related websites. One such site is Investor.gov. This is a component of the United States Securities and Exchange Commission.
On this website, you will find more in-depth annuity education regarding what an annuity is, how annuities work, and how to tell the difference between the various types of annuities. This can help you to better anticipate what you can (and what you can’t) expect an annuity to do if you purchase one.
The SEC website also provides information on how to avoid fraud when purchasing an annuity. This includes what charges and fees to be mindful of in the different types of annuities. This, in turn, can have an impact on your overall return.
You can find the website for the U.S. Securities and Exchange Commission (SEC) by going here.
Annuity Education via the National Association of Insurance Commissioners (NAIC)
The National Association of Insurance Commissioners, or NAIC, is the U.S. standard-setting and regulatory support organization on insurance products. The site was created and is governed by the chief insurance regulators from all 50 states, as well as the District of Columbia, and the five U.S. territories.
Through this entity, state insurance regulators establish standards and best practices. They also conduct peer review and coordinate their regulatory oversight. This organization offers a great deal of information about annuities, such as how they work, and how each type of annuity is structured.
The NAIC also offers full courses and technical training on a wide variety of insurance-related products and topics. In addition, there is an NAIC designation program. This helps industry professionals to learn much more in-depth knowledge on issues like corporate governance, financial analysis, ethical considerations, and cybersecurity.
To go to the NAIC’s website directly and check out the information on annuities click here.
Annuity Gator is a website that provides hundreds of annuity reviews for fixed, indexed, multi-year guaranteed (MYGA), variable, and hybrid annuities. The site is not affiliated with any insurance company. Therefore, the annuity education and reviews are unbiased. They also make no specific product recommendations.
Long before the COVID-19 pandemic required people to stay home, Annuity Gator was “meeting” with consumers and financial advisors virtually. This allowed you to receive education, compare annuity products, and determine whether or not an annuity was right for you while in the comfort of your own home or office.
You can find more annuity education and reviews of individual annuity products by going here.
Need More Unbiased Annuity Education?
If you’re ready to take an even closer look at annuities and how they work, feel free to contact Annuity Gator directly at (888) 440-2468. Or you can email us with any questions that you have. We look forward to hearing from you.