Step 2

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Scott Turney and Turney Financial Group, LLC; Sparta, TN. Insurance licensed in 51 jurisdictions.
Scott Turney: OK. Now, what the market does is the market goes up and it goes down, and it goes up and it goes down. That’s what the stock market does for you. What I like about indexed annuities is that when the market goes up, you go up with it. When the market goes down, you go flat. When the market goes up, you go up with it. When it goes down, you go flat. All you do is your stair climb.

Now, everybody knows that the green line looks too good to be true. There’s got to be a catch; and there is. We have two catches. Catch number one is time. You have to pick a time commitment with an insurance company anywhere from six years or longer and you can only access out of your account 10% of your money as liquid each year.*

Now, let me explain what that means. Each and every year, if you wish to do a free withdrawal of your account, you could take 10% out of your account each and every year. So if you had a six-year account, you could pull 10% percent out of your money every year for six years. Now, in the sixth year, you can take the remainder of your money and walk away. That is a catch.
Catch number two is we have a cap. These products will never earn more than 10% a year. Each and every year, you can earn up to 10% a year on these products. Now, let me explain what that means.

If the S&P 500 goes up 5%, you could potentially earn 5%. If the S&P 500 goes up 10%, you could potentially earn 10%. But if it goes up 15, 20 or 30%, guess what I’m going to be cutting you off at? You only can make 10% a year. The great thing is is that if the market goes down, you don’t go backwards. So each and every year, you’re going to do somewhere between zero and 10%.

Now, on the indexed annuity, every 12 months, it locks in your gains and you get to keep it. That’s what I like about an indexed annuity and that’s what it makes it work.* If you like this part, click to step three.**

Scott Turney and Turney Financial Group, LLC; Sparta, TN. Insurance licensed in 51 jurisdictions.

*The “safety” or security guarantees of annuity products relies on the financial stability of the insurance company, are not FDIC or NCUA insured, are not insured by any federal agency, and are not guaranteed by any bank or credit union.

**By contacting us, you will speak with an insurance-licensed agent.

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