Variable Annuities?

[Phaedrus]

Originally Posted by Bobber

These things are an absolute waste of money. If you're worried about supporting your family if you pass, purchase dirt cheap term insurance and pocket the savings in fees and purchase a no load index stock fund. Your savings will grow quicker and you can give both to your family if you die.

True, there may be some tax benefits for estate planning, but you'll need have a pretty big estate before that will kick in.

What he said.

[usedcarguy]

[quote=MJAnderson;468944]I currently have some money invested in Mutual Funds with NW Mutual but I've got a friend who is trying to persuade me into selling them and buying into a Variable Annuity with another company(Life Investors).

With friends like that, who needs enemies?