I think the annuity my friend is being pushed into buying is called MultiChoice Annuity Income Series: IncomePlus. The documentation is IMPOSSIBLE to read. I explained to him that all my warning alarms are going off with the literature, and he's ready to back off, but I need to point him to some specifics. The thing is, he really can't stand dealing with investments, so if an annuity (as much as I don't like them) is not a terrible one, I'm inclined to let him get into it, because he is so averse to doing any DD or research. He's 39 and just came into a large inheritence ( ~200k or therabouts).