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Is an Independent Financial Adviser Necessary for an Impaired Annuity?

Many consumers choose to do a great deal of independent research on potential investment strategies once it is time for them to start thinking about their retirement years. All consumers should be doing this kind of research on their own. However, many consumers forget to seek out the independent annuity advice of more seasoned experts in the field. While every consumer should do their own research, that research should be partnered with the expertise and independent annuity advice of an independent financial adviser. There are several reasons for this.

Benefits of Using an Independent Financial Adviser

There are several unique benefits to seeking out the advice of an independent financial adviser. First, and most obviously, an independent financial adviser (IFA) simply knows more about impaired annuities and all annuities in general, than the average consumer. They truly have the independent annuity advice that consumers need in order to invest smartly.

Secondly, independent financial advisers have access to the entire annuity market. This means that they are able to use their knowledge, partnered with what is available in the current market, to better give their consumers educated and independent annuity advice. This means that they are able to get some pieces of information that wouldn’t even be easily accessible by the average consumer. They are able to use that information to better advice consumers who are looking to purchase annuities.

The third benefit of receiving independent annuity advice from an expert in the field is that the expert is most likely going to be able to find better rates than the average consumer. This is almost guaranteed if the consumer is simply going direct and not using the open market option to find the best deals and rates for their annuity purchase. Using the independent annuity advice of an expert can help the consumer to find the best rates and deals available in the current market.

Lastly, and most importantly and simply, by seeking out an independent financial adviser, the consumer can rest assured that the independent annuity advice they are receiving is worthwhile. They can be more secure and stable in their decision making and can be comfortable knowing that they received the best advice they could in order to make their decision. Receiving independent annuity advice can make a consumer far more comfortable determining what annuity they will purchase, if any.