Why We Do Not Recommend SILAC Annuities
Retire For Less With The Annuity Expert by Shawn Plummer
Episode notes
Did a financial advisor just pitch you an annuity from SILAC Insurance Company? Have you heard their radio ads or seen their commercials and thought about locking up your life savings with them? You need a brutal reality check before you sign that contract! 🛑💸
In this passionate, off-the-cuff video, Shawn Plummer from The Annuity Expert gives his completely unfiltered review of SILAC. The short answer? He absolutely does not recommend them! Shawn pulls back the curtain to reveal that SILAC has the second-lowest A.M. Best rating in America for annuity carriers (a concerning "B" rating) and an abysmal Comdex score of 32—which mathematically equates to an "F" in the financial world!
So why do so many fiduciaries and financial advisors push SILAC products? Shawn reveals the ugly truth: massive commissions. SILAC routinely pays advisors ...