No. of Recommendations: 3
No matter how attractive the sales pitch, variable annuities are among the most profitable financial products for the people who sell them.

Investing in a low cost, no load index fund is a far better choice.

Or consider that you can probably find an adviser to manage your investment for less than the fees for the annuity. (Consider that the surrender charge is the way the company recovers the fee they paid to the salesman when you signed.)
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