Regulation & Compliance

Your state's department of insurance regulates all annuities sold within the state. At the national level, the NAIC requires producers to act in the best interest of the consumer when making a recommendation of an annuity, and to require companies to establish and maintain a system to supervise recommendations, so that consumers insurance needs and financial objectives are effectively addressed. In addition to state oversight, variable annuities are also governed at the federal level by the Securities and Exchange Commission as well as the Financial Industry Regulatory Authority.","reminder":"\Reminder:NAIC (National Association of Insurance Commissioners) website: \u003ca target='_blank' href='https://content.naic.org'\u003ehttps://content.naic.org

Annuities are not FDIC insured, however, state's guaranty associations provide some protection. In some states, the benefit level is $250,000 in present value of annuity benefits, including net cash surrender/withdrawal values. State life and health insurance guaranty associations, are state entities created to protect policyholders of an insolvent insurance company. All insurance companies (with limited exceptions) licensed to sell life or health insurance in a state must be members of that state's guaranty association. Annuities are insured at the state level, some states have set limits higher than $250,000.","reminder":"\Reminder:Annuity products fall under the 'life license' category. Long term care products fall under the 'health license' category.

{"subtitle":"您需要考虑自己愿意承担多少风险。 问你自己:","answer":["我是否对可能无法保证较高收益的变额年金感兴趣, 并愿意冒损失本金的风险?","没有或几乎没有损失本金风险的保底利率对我来说是否更重要?","或者, 我是否介于这两个极端之间并愿意承担一些风险?"]}

{"subtitle":"You may consider your risk tolerance, retirement goals and timeline. Ask yourself:","answer":["Am I willing to bear full market risk in some common investment accounts like stocks, stock mutual funds, ETF and 401(k)?","Am I seeking a solution for a steady retirement income? Both fixed index annuities and variable annuity can generate guaranteed Lifetime Income, yet variable annuities have a potential risk of losing principal in exchange for a higher earning potential.","Is a guaranteed interest rate more important to me, with little or no risk of losing the principal?","Am I looking for an immediate retirement income, or can I wait for 5-8 years?","What is your level of risk acceptance?","Are you willing to go through a stock market pullback like we experienced in 2008 and 2020?"]}