2007-07-18 08:06:41 · 4 answers · asked by trgirl3 1 in Business & Finance ➔ Personal Finance
there are good ones and bad ones. For some people even the good ones are bad.
I think Nationwide has some good ones. so does Lincoln national/jefferson pilot.
I keep getting the bad one confused with Allianz. That company name starts with an "A" also.
The question I would ask is why are you thinking about them?
Find yourself an agent, who you can trust, to explain them to you and determine if one may be right for you.
There are two basic types, fixed and variable.
Under fixed there are fixed interest and equity indexed.
Under variable, there are many variations of the underlying funds. Some good, some not. There are also many features including withdrawal without annuitizing.
U may have no reason to buy one. The features they offer cost money. U don't get something for nothing. But if u want those features it could be the best thing for you.
They also lock u into a time period by charging early withdrawal fees if u take more than the min. out. Again, that may fit into what u want and be good for you.
If u don't find someone u can trust to tell u about them, stay away.
2007-07-18 08:37:21 · answer #1 · answered by Bill R 7 · 0⤊ 0⤋
It all depends on what you want your investment to do for you. You need to give more info. You can't just say an annuity is bad or good.
2007-07-18 08:26:00 · answer #2 · answered by rufusuloser 2 · 0⤊ 0⤋
9 times out of 10, I would say they are not good investments. Meaning the expenses are too high and the returns too low. But it all depends on your individual circumstances. If you decide to buy, make sure its from someone you trust and not just some broker trying to make a quick buck.
2007-07-18 10:52:28 · answer #3 · answered by jlcintexas 3 · 0⤊ 1⤋
Compare rates free
2015-02-10 18:29:38 · answer #4 · answered by Madelle 1 · 0⤊ 0⤋