One of the most common phrases surrounding annuity product is that they aren’t bought; they are sold. The saying originates from the fact that annuities are often very complicated and can sometimes be very expensive, often carrying heavy commissions for advisors who sell them. Unfortunately, the saying has proven to be true in many circumstances.
It’s important to keep a few key ideas in mind when considering the purchase of an annuity. Remember that annuities are insurance products... Read More