[lookout123]

i saw her on tv talking about how there is no such thing as a good annuity that the product is just a scheme cooked up by the insurance industry and pedaled by thieves to screw innocent people. NO exceptions. they sound good but are all bad.

then a phone call came. it was a little old lady that explained how a broker sold her husband a variable annuity a few years before his death and she was worried now because she couldn't figure out the angle where she was getting screwed. Suze made the dramatic faces and nodded and apologized for her misfortune as the lady explained (i forget the actual numbers but you get the point) how her husband had invested $100K and it did well for awhile then the market crashed shortly before her husband died and the value had dropped to @ $60K. Suze acted all sad and outraged about how this is an example of there being no good annuities... until the woman explained that the annuity company was giving her a check for $200K because of a "high water mark" feature. Suze immediately reversed herself and said "this is one of those cases where and annuity really works out well". bitch.


**variable annuities are not appropriate for all people or situations - just an example of her horseshit.

***variable annuities are NOT the same as variable indexed annuities which should be illegal. hopefully they will be soon.