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Anyone considered funding an Allianz 222 or similar (Athene agility 10) for themselves right at age 50 (earliest allowed)? Continued...

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This annuity is Terrible! I think people only sell it because the commission is rumored to be 9%. Try a different annuity!!

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If 9% is right, that's criminal.

First off it’s not a 9% commission, second if you charge 1% per year over a clients life you would make way more than 9%. Not arguing about the fee and clearly you have no idea how it actually functions so you have no purpose in this discussion.

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Yeah will probably be tough to explain that to them when you can’t even explain how the product works but good luck.

When done that early and starting income at age 60 at 5% withdrawal rate you can get your money back out plus some pretty crazy income payments with even modest interest increases each year.

Have either of you ever even run an illustration of it or have any idea how it actually works at all?

If it is so great, why does a sales person need to be incentivized with a 9% commission to sell it to people. Btw, do you really ever see bad illustrations? I do, from people who are sold annuities they don't need.

Op. I've considered it for myself. I understand it to be a great product. I wish it had a shorter surrender period, but for younger clients with large accounts, it's a great place to invest money without risk of loss. I can't speak to the upfront commission, I always pick the largest trailing option. Also, I'm not sure What IA1's problem is with the investment. He never once stated a reason....

There are too many people on here who are just annuity haters and commission bashers. I love annuities and I plan to get one as soon as I am rich. I’m planning to get a very large one with high commission and pay the commission to myself! ;)

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