Bob Brinker has some unkind words to say about annuities. Give him a call on his radio show and ask what he thinks about this particular annuity.
Brinker is a mega s*ck up to the Fed and Greenspan plus he has mutual funds running ads on his show. Just pointing out that he is not an unbiased source.
Variable annuities in general are an avoid.
Fixed annuities - interest rate risk plus sinking dollar risk but safer than a lot of options.
Not a lot of great options when you have Mugabe 2 in control.