You might be wondering why an investing website like Investor Geeks is discussing a topic like long-term care insurance. Well, it would be a shame to learn all sorts of great investing strategies on this website, grow your portfolio, and then watch it quickly disappear if you get sick or injured and require long-term medical assistance. Protection of assets should be a concern of all investors.
Arguably, no investing product receives more bad press than variable annuities. Many individuals have horror stories to share about unscrupulous brokers who pushed them into complex annuity plans without adequately explaining fee structures and provisions. Some individuals may have thought they were getting an IRA and instead ended up in an annuity. In this article, I will explain the facts related variable annuities and give you some information to help you decide if variable annuities are right for you.