as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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how to evaluate an annuity
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annuities are usually not good deals. commissions to the salesman can be as high as 9% of the initial premium. they're not scams, just not the best deals for most circumstances. basically, these things are a combination of an investment vehicle and multiple insurance policies, including permanent insurance. the 8.2% "return" is the total cash value of the account, which your heirs get if you die.
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