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CD-Type Annuities
- Shopping Tips
As we discussed, choosing
the right CD-type annuity is relatively simple. I recommend that you:
Choose CD-type
annuities those which have a surrender period and a MVA period
that is not longer than the interest rate guarantee period.
Choose a high-quality annuity one that possesses one of
the top four ratings by A.M. Best.
Check to see if the annuity is available in your state and what
variations may apply.
Decide which benefits are important to you these include
nursing home waiver and annual free withdrawal.
Select the annuity that has the highest interest rate with the
benefits you want generally, the fewer extra benefits an annuity
has, the higher the interest rate.
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