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Immediate Annuities and Troubled Patents Asserted Against Annuity Insurers

Posted by James Breen at 10 August 2008 20:45

There is nothing wrong with wanting to own things. That was founded on the premise to provide more and more people like me with the depth of information of variable annuity.

When we discover, as most of us do, how little our precious possessions will fetch in the marketplace we are inclined to be disillusioned, event to feel that we are being updated.

Imagine if you will that you've just won the lottery. What would you do to ensure that the money will last you and your family a lifetime? You should look at putting it in an annuity, which is when you pay a sum of money to an insurance company that is designed to be fixed source of income for the future. This is a preview of Immediate ..[next].

I force myself to pass some of my favorite posts, oh, for me it is really difficult, they are my treasure. Should I share my "treasure"? Maybe a little bit:

It remains to be seen whether the defects in the Lincoln National Life Insurance Co. patents, broadly asserted against variable annuity insurers, will be uncovered during ongoing infringement litigation. What is clear is that a lot more ordinary skill needs to be applied in drafting and examining insurance and financial services patent applications, says Tom Bakos of Tom Bakos Consulting, ....

I should also introduce my friends to take a look at of this:

From yesterday's Wall Street Journal: Imagine flipping through a jargon-free annuities-offering document. The day is inching closer when that might be possible. Industry groups are banding together to present prospective buyers of annuities with streamlined, plain-English descriptions of the basic features and costs of annuities, much like those now offered by some mutual-fund companies. Those shopping for an annuity also may be able to go online and compare the costs and features of one .. read the rest.

In the middle of chaos is still me, sitting in an easy chair with my feet up on the table. I am reading on and on and dipping into a box of chocolates. I thought that the best way to let me see what on earth I do all day was to not to do it.

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One core issue raised in the report was how much access could retirees have to their account funds. Would they be allowed to take lump sums upon retirement, -insurance contracts that guarantee monthly payments for life If annuities are required, will a government entity or private insurers provide them Under current law, insurance is regulated by the states, but a greater federal role might be desirable. And if retirees are given choices about purchasing annuities, who will advise them and to what extent would advisers be responsible for bad investment advice


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