What Clark Howard Gets Wrong About Annuities
Or why they might be a great product
First, before going any further, let me reply to the naysayers that will accuse me of being an insurance agent. I am an insurance agent, and yes, I can sell annuities. However, I also do not believe that everyone should buy an annuity. Nor do I think people need to move 100 percent of their money into an annuity.
I do believe that an annuity is a perfect product for some people.
And no, I am not trying to sell you an annuity.
In this post, I am going to respond to each of the statements found in this article here.
Variable Annuities
Clark Howard includes variable annuities in the discussion about annuities. But variable annuities are entirely different from fixed annuities that come in various flavors. And the fact is, most insurance agents do not sell variable annuities.
An insurance agent must be licensed to sell securities to sell a variable annuity. And they are a completely different product. They are effectively securities wrapped in an annuity.
In this article, I will completely ignore variable annuities.
