Re: Phoenix Group Final Results
Posted: March 22nd, 2017, 9:05 pm
Gengulphus wrote:Dod1010 wrote:I think the only possible fly in the ointment is regulation. ...
There is at least one other possible fly in the ointment: poorer investment performance and/or greater increases in longevity than their actuaries have assumed. And of course, those are exactly the situations in which a HYPer is most likely to want their HYP to perform relatively well...
Not saying "don't invest in life insurers", more "beware of investing too much in life insurers". And "beware of rose-tinted spectacles": the belief that a company has only one way it can go wrong is only slightly less rose-tinted than the belief that it has none at all...
Gengulphus
Yes, my husband lived considerably longer than expected, thanks to my care and battling with the medics, and who knows how long I might live (already 80) with my two thirds residual benefit from his annuity? Possibly not very long, after battling with probate and all the financial headaches, but you never know.. One comment I would like to make (though I daresay it is irrelevant to financial implications} is that I found Phoenix the slowest, least sympathetic, least efficient of the annuity companies I had to deal with following my husband's death.
