Hi.
I am not a finance person, but have a financial adviser that recommends our family do a 1035 exchange from our current Allianz fixed annuity to a Jackson National variable annuity.
I am just wondering if anybody out there could come up with any reason why this would be a bad move (besides the costs associated with the transition).
Thanks in advance.
With the disclaimer that I am on record as anti-VA (but pro immediate annuity for the right client) I believe a switch to Jefferson National makes more sense. They have an offering that eliminates all bells and whistles, providing a $240/yr fixed fee. No other fees except for the underlying funds within the VA. Doesn't Jackson has all the added expenses including mortality, etc, driving the extras up past 1%/yr?
(I recognized the name but it's been awhile since I sifted through the prospectus, if I recall incorrectly, my bad, but you should know your potential expenses cold)
JOE
Are you outside of the surrender period of your current allianz annuity?
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