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Redesigned Annuities Abound [WSJ]

Saturday, January 2, 2010 - 9:30 AM
Interesting WSJ article on annuities:
A string of redesigned variable annuities are hitting the market, after life insurers last year yanked the products that proved too generous to customers and threatened some insurers' financial health.
Note, consumer advocates like Clark Howard have warned against most annuities especially variable annuities:
Variable annuities come with huge sales commissions, huge expenses and a huge tax burden to you. And if you want out, you usually have to pay a massive fee known as a surrender charge.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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