Episode #284: Is it Time to Upgrade Your Variable Annuity Policy? By Kyle Tomko | May 8, 2023 Annuities, Money Script Monday Share this post Share Tweet Share with a client Share with a colleague In the world of finance, especially in light of market downturns or crashes, you may notice the phrases “flight to safety” or “flight to quality” being used more frequently. But what does it mean, and when do financial professionals advise and encourage clients to board that plane?The “flight to safety” refers to the movement of capital from riskier investments to safer investment alternatives during times of market volatility or economic uncertainty. One method that aligns with this strategy is exchanging a variable annuity policy for a fixed indexed annuity policy to accomplish the same goal of wealth generation and lifetime income but without the risk of capital loss. In this episode of Money Script Monday, Kyle calls attention to a tremendous opportunity for variable annuity policy owners who are looking to maximize long-term income.Resources Provided for This Episode Video TranscriptionWhiteboard ImageWant consumer-friendly videos sent to your inbox every week? Sign up to receive to receive LifePro's weekly Money Script Monday video series providing financial clarity, dispelling myths, and showing you how money works in 10 minutes (or less). Subscribe now! Have any questions? Give us a call at 888-LIFEPRO or email us at email@example.com.Want to learn more about how we can help with your unique financial situation? Fill in your contact information below, and we'll get started right away! About Kyle TomkoKyle Tomko is a Senior Field Support Representative at LifePro. He coaches hundreds of financial professionals on how to build effective financial strategies that achieve their clients' long term goals and helps them stay educated on the latest industry trends.