First and foremost insurance companies are filthy rich.It is kind of hard for a insurance salesperson to explain cost of the insurance or gains. Whether it's TransAmerica or AIG, they have to play by Vanguard rules on cost they charge their customers and their lifetime annuity is very attractive.By the way when AIG came tumbling down, their insurance division was very profitable which was talk of selling that division to cover some of their losses. Anyway insurance annuities or any annuities is by choice. I chose companies that are upfront of their fees and once you buy them sometimes it is hard to get out with high exit fees. FOOL ON!
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