Buyer Beware: Equity Indexed Annuities

The lure of having principal protection and some upside growth with a tax-deferral makes many investors consider an Equity Indexed Annuity, but buyers should beware and exercise caution before buying an annuity or other insurance product as a substitute for an investment. Take notice that many financial commentators from highly regarded publications such as Forbes, Bloomberg, Business Week, Financial Planning and other national publications have been very critical of Equity Indexed Annuities, for many of the reasons that we will explore in this article.

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