hartford annuity -offered through suntrus

**sweeps** · 11-07-2007, 01:06 PM

I don't know about this annuity specifically, but 99% of the time these variable annuities with all their bells and whistles are a waste of money. The fees and commissions are sky high and there are restrictions on when you can sell.

Choose low-cost mutual funds instead. If you need income preservation, just choose a conservative allocation. For example, 40-30-30 stocks-bonds-cash.

**Ima saver** · 11-07-2007, 02:05 PM

I agree with sweeps, stay away from annuities!!

**mom-from-missouri** · 11-07-2007, 02:39 PM

I have one, and I wish I could get rid of it, and change it into something else. However, I was told by MET LIFE it would take a court order to get out of it. I have been to 3 different attorneys over the past 4 years, and each one told me I could not get out of it.
I did not get into it willingly. I was given some money in a settlement after a lawsuit, and the Judge ordered that a certain percent of it go into this annunity. The rest I was given as cash. I think he was trying to prevent it from all being blown, (yet I haven't blown any of it). At the time it may have been a good deal, but right now, it would earn more in a money market account. I am to start drawing on it at age 55 and get payments for life after that. The cash I was given, has almost trippled in mutual funds and stock investments.

**sweeps** · 11-08-2007, 05:17 PM

The truth about 'can't-lose' funds

**Hypersion** · 11-09-2007, 09:40 PM

annuity are like whole life, they only make sense for a very small part of the population for tax purposes. For the other 99% stay away.

**Fern** · 11-10-2007, 02:05 PM

I agree with the others, variable annuities only make sense for a small portion of the population. Planners love them becus they make good money selling them.

If you are still determined to considere this annuity, make sure you check the AM Best, Moody's and S&P ratings of the institution. (The insurer must provide this info in their sales literature.) All variable annuites make the claim about "guaranteed income you cannot outlive,' but the guarantee is ONLY AS GOOD AS THE SOLVENCY OF THE INSURER ISSUING THE POLICY. If they go bust, so does your annuity.

hartford annuity -offered through suntrus