In a shocking incident, Jaime Antonio Tavares acquired a broken hand to try and get coverage for his medical bills just after stating on September 14 after the crash that he wasn’t injured.

Tavares claimed $5000 for his mustang after the collision and also an extra $1500 for a car that was rental from liberty mutual. A

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Get a Quote »As an annuity agent, I am often asked which insurance company offers an indexed annuity with the best returns.  And that is not an easy question to answer.  There are dozens of companies offering several fixed indexed accounts each.

However, I did come across an annual statement recently that even amazed me - and I have been working with indexed annuities for well over a decade.

Unimaginable One Year Gain In Fixed Annuity

Full disclosure:  This was not a client of mine, but the statement was authentic and dare I say mind blowing.    That was far and away the best one year return I have ever seen on paper. 

The aforementioned annuity owner made a 57% interest return on his investment and his interest was locked-in and became part of the principal.  (This assumes the annuity owner did not withdraw some of the gains.)  That is simply an amazing return for a non-variable investment that has no direct ties to the market.

Indexed Annuity Gains – No losses

To be fair, a return this high is extremely unusual in an indexed account.  Most indexed annuities have been returning around 20% over the last twelve months (March to March or April to April.)  But this example certainly illustrates the power of indexed accounts.

What other fixed income, insured account can offer returns north of 20%, lock those returns in each year, and do it all without subjecting your principal and earned interest to stock market losses?  None that I am aware of.

Understanding Indexed Annuities – Moving Parts

Elements of annuity investing that are often overlooked are the spreads, caps, and participation rates.

Several annuity providers monkey around with these numbers from year to year and when they are changed in favor of the insurance company, it can greatly reduce your future earnings potential.

Why do I bring this up?  In the case of the person with the 57% rate of return, his spread, cap, and participation renewal numbers did not change one iota on his anniversary date.  Thus, his annuity has exact same earnings potential over the next twelve months as it did before. 

The annuity provider that credited the 57% is a well known and very well rated company in the marketplace.  They offer several terms and accounts to choose from, but their five and ten year accounts are most popular.  The unnamed annuity investor who locked-in this massive gain owns a ten year account.

Lock-In Yearly Interest Using Indexed Accounts

Let’s take a step back for a moment and remember the value of indexed annuities.  While double digit gains are fantastic during times like these, it is the unprecedented safety these accounts provide that can be most valuable for their owners.

There are several unknowns that can cause you to lose substantial amounts of money in the stock market.  We have experienced all kinds of world and economic events over the last decade that have derailed stock markets here and abroad on more than one occasion.

When the market goes down, your indexed annuity principal and earned interest are safe however.  You cannot lose money when the market inevitably corrects again and again.  If you are more interested in protection from market losses and you still desire the potential for above average returns, an indexed insurance product can be a very wise choice.

Request Information

I would imagine that you want to know who offers a fixed annuity that returned 57% in one year.  And I will be happy to tell you.

and I will email you brochures and personal illustrations.  Working together, we can decide if an indexed annuity is a suitable investment as part of your overall portfolio.

A car insurance application has been launched by the Ohio direct to consumer agent for smartphones. This application uses the operating system of google android which is rich attracting platforms and also one of the fastest growing grounds for smartphones.

This deal was announced by progressive insurance earlier this week.

Matt Lehman, the web experience director of progressive said they saw a good 30% increase in the number of visits to the smartphone website mainly by the users of android during the last four months.

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Very convenient business!

BLOOMINGTON, Minn., May 19 /PRNewswire-FirstCall/ — Allstate Insurance Company appointed new exclusive agents across Minnesota last year. Now, the company is ramping up its recruiting again — looking for 20 more Minnesota agency owners this year.

In 2009, 10 new agents opened Allstate agencies across Minnesota. This year, Allstate hopes to surpass that goal by focusing on Minnesota professionals that may feel limited in their careers and are looking to start their own business in a recession resilient industry.

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Car insurance is one of those purchases whose price can vary radically depending on which company you contact. Because of the wide disparity in rates when you make an auto insurance comparison, you need to know how to get the cheapest car insurance rates that you can. After all, if all other considerations are equal, the auto insurer with the best car insurance quote is often your best bet.

The first thing to do is make sure that you shop around thoroughly to get enough rate quotes that you can make a good educated decision.

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