Gold Tax Deferred Variable Annuity

Panvenoit · 06-30-2009, 02:12 PM

Can anyone suggest any reputable company which offers a Variable Annuity sub-account which invests primarily in Gold and/or Precious Metal related stocks? If not, please suggest an internet source which may lead me to same. Thank you in advance.

padthaiforlunch · 07-01-2009, 01:24 AM

I only know of an FIA that has gold as one of the options. Saw it a couple of weeks ago and now I forget who offers it.

Ichiban · 07-01-2009, 05:24 PM

Originally Posted by padthaiforlunch

I only know of an FIA that has gold as one of the options. Saw it a couple of weeks ago and now I forget who offers it.

It is Investors Insurance Corp (Legacy) that offers it. It is called the "PremierMark SE" and is a Point to Point strategy with a Cap that is linked to Gold commodities. That is the only one I am aware of at least.

InsureGuy5 · 07-07-2009, 03:56 PM

That sounds right - there are not too many gold indexed fia's and there may be less in the future.

Freddie · 07-14-2009, 09:36 PM

Originally Posted by InsureGuy5

That sounds right - there are not too many gold indexed fia's and there may be less in the future.

Just the one he mentioned that I know of. The problem with gold it is very volatile. You will really be betting on a total meltdown of the U.S. economy and hyperinflation. It might be okay as part of their portfolio.

R. Paul Aguirre · 07-15-2009, 02:18 PM

This looks like a nice product. They also offer a 10% bonus, I just wish Legacy's Fin. Ratings were a little better.

Ichiban · 07-15-2009, 04:41 PM

Yes, I think they are A-.These days it seems like everyone is dropping to the low A range or worse. Most of the one's rated highly aren't taking premium or they are AIG ha ha ha. I still have a gard time expalining why AIG is rated so highly to people. Kind of a mess out here these days. (- - )

padthaiforlunch · 07-16-2009, 02:53 AM

I still have a gard time expalining why AIG is rated so highly to people. Kind of a mess out here these days

They're backed by the full faith and credit of the US government.

insuranceexec · 07-16-2009, 05:28 PM

Originally Posted by padthaiforlunch

They're backed by the full faith and credit of the US government.

You are so correct. The last time I checked the gov't can increase their revenues by a matter of law.

For inquiring minds we call them TAXES.