Why High Net Worth Individuals Use Annuities

Shawn Plummer

CEO, The Annuity Expert

People spend years sacrificing and saving to build their net worth but can find their net worth decreasing due to downturns in the markets. As a result, high Net Worth individuals are looking for income and the safety of their principal.

The adage that an investor is more concerned with the return of his principal than with the return on his principal is more applicable now than ever before.

Diversification of investments, investment media, the safety of principal, and limited market exposure are all part of the lexicon in which the High Net Worth individual finds themself.

Insurance and annuities have always been fundamental building blocks of personal financial planning.

Annuities were panned because, when taxed, the asset does not get preferential tax treatment.

Why High Net Worth Individuals Buy Annuities

Why you can trust The Annuity Expert

At The Annuity Expert, we strive to help you make confident financial decisions regarding annuities. Content provided is created by an independent licensed financial professional.

The Annuity Expert is an online insurance agency that provides the widest variety of annuities in the United States. When you buy an annuity directly from us, we receive a predetermined commission from the insurance company (not you). While your annuity is active, clients are not charged any servicing or management fees. Learn more.

Shawn Plummer

CEO, The Annuity Expert

I’ve sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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