FYI: Tuesday’s column, "Making Annuities More Attractive," addressed how annuities are marketed. I advised that they be renamed as “guaranteed income” offerings (“annuity” being a term that only an actuary could love); that they calculate and publish their expense ratios; and that the cacophony of state regulations be simplified into a single, national code. These recommendations, of course, are unsullied by expertise. I did not commission a market-research study on the subject.
Regards,
Ted
http://www.morningstar.com/articles/858473/why-buy-annuities.html
