<prompt> Human: My grandma 80 recently was awarded 100k payout from the government plus another 1000 a month. Her financial rep had her put 70k into a deffered annuity. He told her it paid better rates 2 minimum growth 3 scheduled and that she can take the money out anytime. shes already saving most of her RMDs from her IRA so I found this annuity really unnecessary. The death benefit value after income date is also not very clear in the contract. Im assuming the rep made a large commission off this and Im skeptical that this was the best place for her to put her money based off the fact that while technically its not going to be exposed to a market correction, its return isnt great and seems very inflexible if she wants to start using the money.1. If there is a few days left before the right to examine end date should she cancel this? 2. What would a better option be?Thanks for any help.  <response>: Yea, she got ripped off. Nothing illegal, but it was all about the financial rep getting a nice commission, not in the best interest of your 80 year old grandmother.If she can cancel and get all her money back, she should, and dont buy an annuity period. Just ladder things like T-bills or CDs. 