1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Discuss your situation with a licensed variable annuity agent.  After an extensive series of questions the agent will develop a risk profile.  Unless you are very conservative the agent can show you a variable annuity as a possible solution to your retirement plan.  A variable annuity appeals to customers who want appreciation greater than that offered by a fixed annuity.  There are other annuities that should also be considered.
    Answered on August 22, 2014
  2. 671 POINTS
    Scott Bannon
    Independent agent, Scott Bannon, Florida
    Variable annuities are only good for people with a high level of risk tolerance. Variable annuities can lose money, as well as, gain money. Hence, the term variable. When looking at variable annuities make sure you understand the risks involved. There are some great agents that can help you decide if these investments are the best fit for your tolerance and situation. There are other annuities that do not pay as much interest but are safer. For example, some annuities offer "floors". Every annuity has some pros and cons so just make sure you understand the contract.
    Answered on May 5, 2015
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