Quiz: How Well Do You Know Annuities?

Annuities are a popular retirement income vehicle. Some advisors embrace them as a client solution, while others do not. Like any financial product, there are good annuities and some that are not so good. Moreover, annuities are the right vehicle in some situations, but not in all cases. In deciding whether an annuity is the right solution for a client, it's important to understand how annuities work, as well as the differences in various types of annuities. There are several types of annuities, with various pros and cons, and many products can be tailored to a client's specific needs through the use of riders. Here in quiz form are a number of characteristics and features to be aware of when considering annuities.