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Source: "When to Commence Income Annuities," Jeffrey K. Dellinger, Retirement Income Solutions Enterprise, Inc., 2011
June 2, 2009, News, Annuities
The Sage of Omaha Says GLWBs Were “Crazy”
“If you buy a [VA] policy, you the policyholder get some of the upside, and [the insurers] guarantee you always get your premium back.” From a company’s perspective, “that’s poison,” Warren Buffett was quoted as saying.
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