: Annuities, especially variable ones, often carry layers of fees—including management, administrative, and "mortality and expense" charges—that can exceed 3% annually.
This potential conflict of interest is why experts like those at Investopedia suggest consulting a fiduciary advisor instead. Annuity Pitfalls Overview - Gainbridge why not to buy an annuity
: Sales agents may earn commissions ranging from 1% to 10% of your total investment. : Annuities, especially variable ones, often carry layers