Many people have annuities, but very few people need them. Why is that?

From the simple to the complex, annuities and their various forms are one of the most misunderstood products in the financial services industry. Because of this misunderstanding, annuities have often been oversold and received a bad reputation. Join Mike and Patrick as they discuss what an annuity is and how they can sometimes be a good fit.

Sources:

https://www.thinkadvisor.com/2013/01/30/ruark-study-annuitization-rates-are-below-5-percen/?slreturn=20181126164634