Tuesday, February 26, 2008

 

Annuities: Friend or Foe to Seniors?

Are annuity products suitable for investors who are 65 years old and above? This thorny issue has been sticking in the side of the industry, and many media reports as well as opinion columns from financial experts say some features of annuity contracts make them unsuitable for seniors. In one Wall Street Journal article, they were described as a siren song, bringing in unknowing investors and leading them to financial ruin.

Annuities: Friend or Foe to Seniors?
Source: Insurance News Net

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