Re: Annuities...are they a crap shoot?

"Cal" <cal-lester@[EMAIL PROTECTED]
> wrote:


> It was already explained  that
>any commissions paid to the seller come out of the general fund of the 
>carrier, NOT out of the investment of the buyer.
>
>The comparison was made of a purchase of a Mutual Fund of $10,000, FROM 
>WHICH the commission IS deducted, and the remaining balance is the only
amount 
>INVESTED.
>
>In the case of the purchase of the Annuity, the entire amount is placed
in 
>the Cash Value
>Account, and earns the stipulated interest from DAY  1.

The fact remains that the purchaser is paying for it, directly or
indirectly.
What you are saying is that annuities bury the cost deeper in the fine
print
than mutual funds.

Almost any (all that I know of) investment products that are sold by a
commissioned sales force are high cost products.  Someone is paying for
those
fancy suits and ****ny shoes.  Guess who.

-- Doug

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