The fixed is paying 4.6%, and invests almost all in American Funds which I have had forever and perform very well. The variable has quite a high up front fee....2% of 250k.As I understand annuities, you're paying an insurance company to guarantee a return payment. Currently, you could ladder 5 year CDs an pretty much get 4.6%, plus keep control of your principle. Also, when rates go up and CDs mature, you get a higher rate of return. Die tomorrow, insurance company keeps your principle. In CDs, your estate keeps the money.JLC
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