The last article in a 6-article series on annuities
by Mel Lindauer, one of the founders of Bogleheads.org, was published by Forbes.com.
This last one is on equity-index annuities, and it reviews many of the claims made by those who sell these. Here's a useful summary of the article:
There's nothing simple about them and you won't get "market-like returns with no risk."