I received a Fool email today about "Those Lying Annuity Salesmen". My question is regarding the annuity product (or similar products from others) from Prudential "Highest Daily Lifetime Seven". This one appears to have a guaranteed minimum earnings rate of 7%, or higher depending on the performance of your investment choices. With 7% minimum earnings guaranteed, what is wrong with this product for those of us who want minimum risk with some growth potential?
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