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#1
09-10-2003, 09:20 PM
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 Re: FDIC Question The S&P indexed annuity has high surrender charges (because normally of high commissions) and does NOT include the dividends on the S&P which represents 30% to 40% of the return over time. "Avrum Lapin" <avrum113NOSPAM[at]earthlink.net> wrote in message news:avrum113NOSPAM-920204.22004121082003[at]news01.west.earthlink.net... - quote - > I went to a pitch (and a free lunch) on Principal Protected Investments > The presenter made a statement that floored me > That the FDIC has 20 years to pay of the depositors of a failed > insured bank and in some cases has been taking that long. > True? > His product was an S&P Indexed annuity. (not a variable annuity) whose > return was 65% of the S&P with a 3% floor > -- > Avrum Lapin avrum113[at]earthlink.net > Upland CA Remove NOSPAM from address |
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08-22-2003, 05:30 PM
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| Re: FDIC Question - quote - > From: Avrum Lapin avrum113NOSPAM[at]earthlink.net
False!> Date: 8/22/03 2:00 AM Pacific Daylight Time > Message-id: <avrum113NOSPAM-920204.22004121082003[at]news01.west.earthlink.net > The presenter made a statement that floored me > That the FDIC has 20 years to pay of the depositors of a failed > insured bank and in some cases has been taking that long. |
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#-1
08-22-2003, 09:00 AM
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| FDIC Question I went to a pitch (and a free lunch) on Principal Protected Investments The presenter made a statement that floored me That the FDIC has 20 years to pay of the depositors of a failed insured bank and in some cases has been taking that long. True? His product was an S&P Indexed annuity. (not a variable annuity) whose return was 65% of the S&P with a 3% floor -- Avrum Lapin avrum113[at]earthlink.net Upland CA Remove NOSPAM from address |
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