Pros: Arguably the perfect solution for certain investors wanting guaranteed income "today-and-forever" plus inflation-fighting growth potential. Cons: Not federally insured. (Nonetheless, your state-mandated "insurance_guaranty_association" backs your guaranteed benefits--up to_at least_$100,000.)
Prefatory note #1: Frankly, in past years I'd never met an "annuity" that I fully liked. But recently I changed my mind because of a relatively "new-and-improved" version of a MetLife variable annuity that's only been available since 2007. ...
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