Annuity 'Churning' Under Fire: How Insurance Sales Tactics Are Costing Retirees Guaranteed Income
A decade after a wave of complex annuity sales, retirees are discovering a harsh reality: the guaranteed income portion of their contracts often far outweighs the investment value. Now, a new generation of agents is pushing costly 'flips' that can permanently slash lifetime payouts, sparking calls for greater transparency and consumer caution.