7 Common Annuity Myths (And What the Contracts Actually Say)

John David Boutte

Published on: 10/06/2025

Are you avoiding annuities because you’ve heard the horror stories? You might be risking your retirement security based on outdated information. In this no-nonsense guide, we open the actual contracts to debunk the 7 biggest myths surrounding annuities—including the fear that "the insurance company keeps your money when you die" and that "fees are sky-high." We distinguish between risky Variable Annuities and safe Fixed Index Annuities (FIAs), clarifying the truth about death benefits, liquidity access, and reasonable return expectations. Don't let hearsay keep you from the only financial tool designed to provide guaranteed lifetime income. Get the facts, ignore the fear, and see if an FIA fits your plan.