How are Most Annuity Products Distributed?
Annuities are the most misunderstood, over hyped, and oversold products in financial history. Even though there are 15 different types of annuities (that I can find), most people refer to them with one definition they have in their mind. Even though there are over $200 billion of annuity policies sold every year, the distribution of annuities is currently locked in a time warp of the past. Think typewriters. Think travel agency. If you yearn for those good old days of inefficient distribution, then annuities are your leisure suit.