Submitted by Anonymous on
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 liquidity of these funds for up to 14 years?
I can see how people get into trouble selling these products.
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