7% on a Fixed Annuity? Don't Believe It.

Can you earn 7% on a fixed annuity, guaranteed? Online ads often make this promise.

Unfortunately, those ads are misleading. They're not completely false, but they set unrealistic expectations. We have to talk clients back down to reality.

The truth is complex. Some annuities do indeed offer a 7% rate guarantee. But there's a catch. That doesn't guarantee the annuity's actual return. Instead, it guarantees the growth of an income account value created by an