Quote:
Originally Posted by retiredguy123
If you are correct, why can't the annuity salesperson tell you that you are buying an annuity, and why can't they give you a copy of the annuity contract before you give them your money? I learned a long time ago that you should never agree to a contract until you read it.
Have you seen the TV commercials where Ty Young is selling annuities? He is selling annuities, but he never says the word "annuity" in the entire commercial.
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Because an annuity is ultimately an insurance product, at some point the buyer will receive the contract and they should read it before signing and sending back to the insurance company. By the way, all annuities come with a free-look period, if I remember correctly, it runs about 21 days.