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Message: <blockquote data-quote="JD8" data-source="post: 3311518" data-attributes="member: 24">I used to have access to about 25-30 companies that offered annuities in my business, all but 4-5 offered garbage IMO.  There are some "good" ones, you can get ones with a limited term contract.  Problem is that guys were going out and getting people to put their entire nest egg in them when the stock market took a dive years back.  They are a piece of the puzzle just like anything else.  They are somewhat of an option to long term care because LTC insurance is horribly expensive now.  They have riders they can attach that will allow you to pull more income if you go into a facility, or at least they had these products 4-5 years ago.  Some of the products are decent, but quite honestly shouldn't be a majority of your portfolio.  People sometimes only end up netting 1-2%...... lots of them have caps..... but I have seen significantly higher income payouts.  Like I said, these in my opinion, right now, with the market being as strong as it is, should be a supplemental tool or a backup, IF written correctly.If someone were to truly look at these, have the FA show the worst possible scenario, as they will typically show you a chart with the best case scenario and call it a day.</blockquote>