Annuities, and especially
variable annuities, have been a huge target of the mass media and regulator authorities lately; is this justified? The answer is complex. On one hand, yes, it is justified as there are many sales practice abuses. On the other hand, no, it is not justified.
Annuities have their place but are not for everyone. There are risks and restrictions that apply to annuities that make them unsuitable for some investors.
