Featured Jobs
|
DWC - The 401(k) Experts
|
|
Defined Contribution Account Manager Nova 401(k) Associates
|
|
PPS Pension Services
|
|
Frank Pension Consultants, Ltd.
|
|
Relationship Manager - Defined Contributions Daybright Financial
|
|
DWC - The 401(k) Experts
|
|
MAP Retirement
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
High Interest Rates On Annuities Often Quietly Convert To Low Interest Rates
G. Wade Caldwell in 403bwise 
[Opinion] Aug. 12, 2002
Excerpt: Sometime in the early 1990's, some insurance executive reasoned that if they advertised a high interest rate to attract the money, and kept advertising an attractive rate to keep you investing, it was okay for the insurance company to quietly start paying less interest on 'old money', i.e. money you deposited in your annuity or life insurance policy more than twelve months ago.
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |