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3/9/2010
Tuesday morning
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| Swiss annuities offer many advantages over annuities offered
in other countries. Annuities have, in fact, been offered since
the early 1970s, however, the financial markets have seen truly
impressive growth in the area of annuities during the last few
years. In the United States alone, the sales of annuities run
close to $50 billion every year.
Despite their growing popularity, many people remain
confused about annuities. Some think of them as being much the
same as a mutual fund. While annuities can offer similar rates
of returns, they have a major advantage -- annuities defer taxes
until retirement. Mutual funds do not. Further, annuities can
be set up in a way that once the investor begins to draw on the
funds, he or she will receive regular payments for life.
The costs for annuities are also different than the costs
for mutual funds. Because annuities are offered by insurance
companies, for most annuities, the investor does not have to pay
any commissions or front. |
| Incorrect. Your statement is misleading. Most fixed annuities are deferred
annuities, not immediate annuities, so your statement is much too easily
confused by the consumer. Plus, fixed annuities are able to pay higher rates
because of different investments made by the insurance company -- investments
that banks are restricted from owning. |
| Swiss annuities clearly provide many advantages and benefits
to investors over annuities offered in other places. Still,
perhaps most important, and often overlooked, is the superior
asset-protection aspect of Swiss annuities. This aspect is a
crucial point for investors who wish to ensure that their
investments and growing wealth are protected from the claims of
creditors.
When annuities are structured properly, Swiss law prevents,
except in cases where intent to defraud can be proven, that
annuities, along with other insurance policies, cannot be seized
by creditors. These policies may not even be included in a Swiss
bankruptcy proceeding. |
| Incorrect. All annuities have liquidity features, some are 100% liquid on the
first day. Generally, 10% of premium and/or earnings if higher, is liquid --
even in the most restrictive on contracts. Plus, most contracts waive the CDSC
for various qualifiying events (i.e., death, disability, long term care, change
in interest rates, annuitization). |
| One of the most vital areas of the Swiss financial markets
is the insurance industry. While Swiss banks are associated with
safety and conservative management, the insurance industry has
not had a single company failure in more than 130 years. This is
a record that surpasses even the steadiness of Swiss banks.
About twenty insurance companies compete in Switzerland.
All are financially sound and managed with an eye for safety and
high return. Usually, the two conditions -- safety and high
yield regarding investments -- are mutually exclusive. High
yield implies risk. Unlike the insurance industries in other
countries, however, insurance companies in Switzerland enjoy
unique tax advantages. Coupled with efficient and intelligent
management, Swiss insurance companies are able to offer a variety
of steady and productive investment opportunities.
Of all the investment options offered by Swiss insurance
companies, annuities provide excellent benefits and can be used
for as. |
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