The purpose of insurance is to transfer risk. Yet, people are often told it is an investment. It is never a true investment. The article below discusses many ways Fixed Indexed Annuities are mis-represented.
‘Stan the Annuity Man’ Is Livid About Fixed Indexed Annuities Stan Haithcock tells ThinkAdvisor why the industry is outraged at him and why fee-based indexed annuities are the ‘biggest joke of all time’