Annuities are LONG-TERM contracts!
And annuity salesmen are well-trained to always "Sell the Sizzle"! They talk about great features, but omit the details.
How long are your funds tied up? What benefits do you think you are getting for that?
Why would your annuity salesperson show you just one or two models when there could be dozens to consider?
What's your purpose for buying the annuity? Safety? Liquidity? Future guaranteed income? Living benefits such as long-term care funding? Growth? Without knowing how to define your needs and what specific questions you should ask, you could be making the financial mistake of a lifetime!
Bruce walks through the vital points to consider for anyone who is considering or already owns an annuity!