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	<title>New answer on: Why Not To Invest In Variable Annuities?</title>

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		<title>By: Ben Simpson</title>

		<link>http://insurancelibrary.com/annuities/why-not-to-invest-in-variable-annuities</link>

		<dc:creator>Ben Simpson</dc:creator>

		<pubDate>Thu, 10 Jul 2014 19:22:22 +0000</pubDate>

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		<description><![CDATA[Annuities and especially Variable contracts have a place if your primary goal is to defer taxes and guarantee lifetime income. However there are many potential down falls which include market risk, not very liquid, surrender charges, very high fees to protect principal, and not very flexible when you need to make changes to the contract.  Every person&#039;s financial situation is different so a good financial advisor would go through a thorough risk assessment to assure that this type of contract is good for you. I also would mention this isn&#039;t a good place for all of your life savings. Things tend to change overtime like health.Unexpected expenses may cause the contract to change if more than a free withdrawal is needed to take care of the expenses. Typically a free withdrawal is 10% of the premium (original deposit) without causing a surrender charge or change to the contracts living benefits.]]></description>

		

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