FIREHAPPY
Dryer sheet aficionado
Given the current low CD rate environment, my financial rep suggested I consider a 3 year term Fixed Guaranteed Growth Annuity with a return as high as 1.7%. The 6 firms recommended have S&P ratings of of AA+, AA- or A+.
Has anyone utilized this type of investment option? It's my understanding the funds are not insured so evaluating the counterparty risk is critical. I generally avoid annuities but this has my interest. What are the pros and cons?
Has anyone utilized this type of investment option? It's my understanding the funds are not insured so evaluating the counterparty risk is critical. I generally avoid annuities but this has my interest. What are the pros and cons?