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Legal News

: Lawyers and Settlements

Variable Annuity Makes Only Variable Sense for Some

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Chicago, IL: Considering variable annuity insurance as an investment? Imagine going to buy a car, and saying to the salesman, "I want a little Honda Fit. Small, good on gas, cheap to run. It's all I need." The reply? "No ma'am, what you need is a Hummer. Four times the cost of a Honda, five times the gas consumption. And when they foreclose on your home, you can live in it." Maybe they'll throw in variable annuity life insurance to go along with it.

Full post as published by Lawyers and Settlements on December 31, 2008 (boomark / email).

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