The Pros and Cons of Annuities

An annuity is a contract with an insurance company where you are usually the insured known as the annuitant. There are different varieties of annuities which I tend to absolutely love in many circumstances. A non-qualified annuity is an annuity that you have funded with money that you have already paid taxes on. Most annuities pay a very hefty commission to the financial advisor who is selling you that annuity.