No. of Recommendations: 1
Yeah, I don't like annuities at all either.

But Barron's May 27, 2013 Cover Story is about how some annuities are offering low cost options:

....firms are giving the oft-maligned annuity a makeover: an ultralow-cost [sic], variable annuity that offers a broad array of alternative investments, including hedge funds, currency funds, managed funds and other strategies....

I still wouldn't buy or recommend one but agree it could be appropriate in this case to save her from herself.
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