Comments on: Equity-Indexed Annuities: The Smart Consumer’s Guide

By: Michael D. Wolf

Michael D. Wolf — Fri, 14 May 2010 16:22:04 +0000

Review by Michael D. Wolf for Equity-Indexed Annuities: The Smart Consumer's Guide Rating: I was looking for a good reference guide for my clients. This book was very easy to read and understand, I would highly recommend this for anyone who wants to understand EIA's.

By: 4th River

4th River — Fri, 14 May 2010 15:31:37 +0000

Review by 4th River for Equity-Indexed Annuities: The Smart Consumer's Guide Rating: The first half of the book had some basic information on EIA which was easy to read, but the last half of the book was public information that is available on the web, such as the BUYER'S GUIDE TO EQUITY-INDEXED ANNUITIES prepared by the National Association of Insurance Commissioners. The book may make a good handout for someone who is interested in Equity Indexed Annuites and who is unfamiliar with the product. Otherwise, the book doesn't go into any great depth nor does it fully explain equity indexed annuities as well as it could if the author would have written more of the book rather than using public documents.

By: Larry Becker

Larry Becker — Fri, 14 May 2010 15:23:26 +0000

Review by Larry Becker for Equity-Indexed Annuities: The Smart Consumer's Guide Rating: Excellent, easy to understand manual you must read before embarking on a purchase of EIA's.

By: Jeff Clark

Jeff Clark — Fri, 14 May 2010 14:37:48 +0000

Review by Jeff Clark for Equity-Indexed Annuities: The Smart Consumer's Guide Rating: This book is a very balanced explanation and review of the Indexed Annuity landscape. While some criticisms are not applicable to all products this small book does a very credible job of getting all the important issues on the table. I recommend this book to all that would like to learn more about this savings vehicle. Jeff Clark CPA

By: Shark Diver

Shark Diver — Fri, 14 May 2010 13:59:05 +0000

Review by Shark Diver for Equity-Indexed Annuities: The Smart Consumer's Guide Rating: Bought after having read about it in Jay's newsletter. This is a guide that every insurance agent who sells EIAs should read, and every person who is interested in purchasing EIAs should read -- there would be no more improper or unsuitable sales, and those people who could benefit by them can do so without worry.

There is no description, discussion or plugging of any particular insurance company or annuity product, but rather the book focuses on when and when not EIAs should be used. This is absolutely not a self-promotional book or one that pumps EIAs in all circumstances. As the author repeats over and over, there are some occasions when EIAs should not be bought because of liquidity concerns or tax issues. Yet, when they can be used, they can be great products for retirement savings and wealth preservation.

Unique among annuity books, there is a section on asset protection utilizing annuities in states that protect them by statute, which is of course not surprising considering Jay's background and his first book on asset protection with Chris Riser.

Smart insurance agents will give this book to each prospective purchaser of EIAs to read first to avoid any later misunderstandings.