Questions Before Buying an Annuity | https://heatherbarrow.annuitiesgenius.com/

Annuities can create predictable retirement income, yet they are insurance contracts with different guarantees, restrictions, and risks, so buyers should understand the details.
First ask what is truly guaranteed: principal, income, death benefit, interest rate, or something else, and which conditions could reduce or eliminate benefits.
Costs may hide in fees, riders, spreads, and investment limits. Ask for every charge in dollars and percentages, and ask whether advisor pay changes.
Before committing, get the surrender schedule in writing, check penalty-free withdrawal rules, and learn whether early access, emergencies, or added premiums affect benefits.
If plans change or an exchange is proposed, compare contracts side by side, verify insurer strength, and use the free-look period to reconsider.