Questions to Ask Before Buying an Annuity
Before purchasing an annuity, consumers should ask thoughtful questions and fully understand the product structure.
Important questions may include:
- What are the surrender periods and liquidity limitations?
- Are there fees or expenses?
- How does income generation work?
- What guarantees are provided and who backs them?
- How does this fit into my broader retirement strategy?
The goal should be education and understanding, not rushed decision making.