The 7 percent minimum guarantee that is referenced by the other reviewer is simple interest - not compound interest.
For someone who invests $100,000 in this...
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Not sure what the other reviewers are carping about in terms of liquidity or access to funds.
Yes, this is an...
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The main criticism of indexed products involves surrender charges and the fact that people have their savings tied-up for years due to the fact that they would have huge fees applied if they need to remove funds.
The whole liquidity and...
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Pretty sure that the max rate on the non-guaranteed options for the Capstone series is 3.05.
The cap on the guaranteed minimum rate maxes out at 2 percent.
How can someone justify the costs and fees that come with an indexed product when their upside potential is so limited?
Indexed and fixed products are often marketed under the "safe money" premise.
Given...
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Rating:3Average: 3 (1 vote)[read more]
I tend to agree with the review on the long surrender period.
Surrender charges are one of the main criticisms of fixed indexed products.
People think they are getting full downside protection with some appreciation potential.
They are, but at a cost.
In the case of this product, that cost is a set of fees that last for 14 years.
The max issue age of this product is 75 years old.
How could someone sell an indexed product to a 74 year old person who would have restrictions on access to and...
