@LutherF I don't know if there are a significant number of folks who talk or write about the merits of their annuities. There are various types of annuities (i.e., fixed interest rate, fixed index, variable, immediate income, etc.) which range from simple to complex regarding what the insurance company is insuring and guaranteeing. However, I think the majority buy an annuity to transfer risk in their efforts to guarantee income or principal. About 10 years ago, I bought a variable annuity wherein I could elect an aggressive equity allocation and insure the growth for about 40 basis points. For comparison purposes, 100 basis points is equal to a penny $0.01 on a $1.00. So, the cost for that guarantee was 4/10 of a penny per $1.00. I thought that was a great deal inasmuch as I could obtain almost the same guarantee by buying put options for about 65 basis points. Moreover, that cost could vary year to year with market fluctuations. Another feature was that I could withdraw all gains from the annuity at any time which I have done on multiple occasions. Of course, the withdrawals reset the principal guarantee. The only issue was income taxes.I don't believe you can find a similar annuity today. Moreover, It is difficult to find an agent that is knowledgeable and will spend the time that is needed to develop a retirement strategy where an annuity may be an asset. The strategy for Retirement Planning has not changed, but the number have. Annuity costs have increased due to lower interest rates that the insurance companies earn on their bond portfolios which is the main source of their guarantee. At that time, my retirement asset allocation was about 90% equity and 10% fixed income. My goal was to continue an aggressive equity strategy and reduce risk in a cost effective manner. My only regret was that I did not place more money into that particular annuity at that time. A few years ago, I tried to find a similar arrangement, but learned that most insurance companies are charging anywhere from 1.0% to 1.5% for the same guarantees. You are clever to do your due diligence.