Can You Buy an Annuity Without a Financial Advisor?

Shawn Plummer

CEO, The Annuity Expert

Can You Buy an Annuity Without a Financial Advisor?

Yes, you can buy an annuity without a financial advisor.

Purchasing Through Online Annuity Brokers

  • Process: You can directly purchase annuities online.
  • Advantages: Streamlined process, potentially lower fees.
  • Disadvantages: Potential risk of choosing unsuitable products if using a non-reputable broker. It’s essential to select a reputable broker like The Annuity Expert when purchasing annuities online.

Related Reading: What Are the Reasons Some Financial Advisors Dislike Annuities?

Steps to Buy an Annuity Without a Financial Advisor

  1. Research Annuity Types: Understand different annuity types – fixed, variable, indexed.
  2. Evaluate Your Financial Needs: Assess your retirement goals and income requirements.
  3. Compare Annuity Providers: Look for reputable online brokers like The Annuity Expert.
  4. Selection Tool: Use the tools provided, like The Annuity Expert’s annuity calculator, to find suitable annuity products.
  5. Review Annuity Contracts: Carefully read terms, fees, and surrender charges.
  6. Make an Informed Decision: Choose an annuity that aligns with your financial goals.
  7. Complete the Purchase: Follow the online broker’s process to buy the annuity.

Why Use The Annuity Expert

MethodPersonalized AdviceEase of ProcessRange of ProductsPotential Fees
With Financial AdvisorHighModerateVariesHigher Fees
The Annuity ExpertHighHighBroadLower Fees

Conclusion

Purchasing an annuity without a financial advisor is possible and can be done efficiently through online brokers like The Annuity Expert. It offers a streamlined process and access to a broad range of products, though it lacks personalized advice. Ensure you understand your financial goals and annuity options before making a purchase.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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