Never buy this product. It’s the salesman who gets the commission annuity. Buy a Treasury bond to do the same. The value will increase as rates go down and it is is liquid.
Remember the Big Short. Those ratings were worthless in the end.
In my opinion it is criminal this product is allowed to be sold. Nothing they tell you is binding. Nothing. The contracts are horribly one sided. Save yourself a life of aggravation
There are other threads on the site recounting horror stories
I have advanced degrees in finance and READ a contract. It will numb your brain
Last edited by Babubhat; 10-31-2023 at 03:25 PM.
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