Posted by Philip Pent in Fixed Index Annuities, on Sep 23, 2010
Anybody can get sued for negligence and lose even when they may not have made a mistake. One mistake with no excuse...having retirement assets parked in an account that is attacheable by creditors or exposed to judgements. In the state of Florida fixed indexed annuities with surrender penalties fall under the same protection as homestead exemption.
Doctors that don't want to pay for a huge amount of medical malpractice are finding more peace of mind with fixed annuities and fixed indexed annuities. Not only are their retirement accounts growing without market risk, they are able to contribute more to their retirment based on the savings they realize from a reduced need for medical malpractice insurance.