Get the free Fixed Annuity Fact-Finder

This form is designed to assist the agent and potential policyowner in gathering information to determine whether the purchase of an annuity is suitable.

How to fill out fixed annuity fact-finder

How to fill out Fixed Annuity Fact-Finder

1. Gather personal information: Collect the client's name, address, phone number, and email.
2. Assess financial goals: Determine the client's retirement goals and income needs.
3. Evaluate current assets: List all existing retirement accounts and savings.
4. Analyze risk tolerance: Discuss the client's comfort level with investment risk.
5. Identify beneficiaries: Note whom the client wishes to designate as beneficiaries.
6. Review health status: Consider any relevant health information that may impact annuity choices.
7. Discuss time horizon: Understand how long the client plans to hold the annuity for.
8. Complete the form: Fill out all sections of the Fixed Annuity Fact-Finder form accurately.

Who needs Fixed Annuity Fact-Finder?

1. Individuals planning for retirement who want to secure a stable income stream.
2. Clients seeking to diversify their investment portfolio with low-risk options.
3. People with significant savings looking for tax-deferred growth.
4. Retirees who want to ensure they won’t outlive their resources.

People Also Ask about

What is the average return on a fixed annuity?

Average Return on a Fixed Indexed Annuity The average return can be between 5% and 7%, depending on the index performance, participation rate, cap rate, and spread. Using our fixed index annuity calculator can help provide potential monthly payments.

Why does Dave Ramsey not like fixed annuities?

Dave believes that fixed annuities are an outright waste of time. He further explained that if you're making regular savings towards your retirement, the rate you'll get from fixed annuities isn't worth it. Dave says you should rather opt for a good growth stock.

What is the main risk with fixed annuities?

Fixed annuities are also exposed to inflation risk because the purchasing power of their guaranteed payments can erode over the years.

How much does a $100,000 fixed annuity pay per month?

For example, a $100,000 immediate annuity purchased at age 65 might pay around $500 to $700 per month for life. Rates vary by provider, interest rates and optional features like survivor benefits or inflation protection.

Why is an annuity not a good investment?

Generally annuities are a ``bad'' investment because they return less than market rates in exchange for lowering risk, allowing companies to invest in higher return ventures. In the long run you come out ahead by taking the risk and waiting it out.

Is there an 8% annuity?

Thus, potential annuity clients are pitched on a 8 percent compounded return; so, they often don't comprehend that when the salesman says growth for future income, what the salesman really means is that you can only use the 8 percent roll-up number to calculate future income.

What is the age 75 rule for annuities?

The "age 75 rule" isn't a formal regulation or even a financial industry standard. Rather, it's a commonly shared belief that annuity buyers should wait until age 75 to purchase, since payouts are typically higher at that age. Here's why people think this way: Annuity payouts are tied to life expectancy.

What is the downside of a fixed annuity?

While they offer advantages like tax-deferred growth and protection from market volatility, fixed annuities lack inflation protection unless riders are added, and they usually limit liquidity with surrender charges for early withdrawals.

For pdfFiller’s FAQs

What is Fixed Annuity Fact-Finder?

A Fixed Annuity Fact-Finder is a document used to collect essential information from clients regarding their financial needs and goals related to fixed annuities.

Who is required to file Fixed Annuity Fact-Finder?

Financial advisors and insurance agents are typically required to file a Fixed Annuity Fact-Finder when recommending fixed annuity products to ensure compliance with regulations and to better understand their clients' profiles.

How to fill out Fixed Annuity Fact-Finder?

To fill out a Fixed Annuity Fact-Finder, users should gather necessary client information such as personal details, financial objectives, risk tolerance, and any existing assets or liabilities, then complete the form in a clear and accurate manner.

What is the purpose of Fixed Annuity Fact-Finder?

The purpose of the Fixed Annuity Fact-Finder is to facilitate the understanding of a client's financial situation and needs, ensuring that the fixed annuity recommendations made by advisors align with the client's goals.

What information must be reported on Fixed Annuity Fact-Finder?

The Fixed Annuity Fact-Finder must report information such as the client's financial goals, retirement plans, income sources, current investments, risk tolerance, and any relevant medical or lifestyle information that may affect the annuity recommendations.