Are Annuities Bad? Dave Ramsey says Yes

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Are annuities bad like Dave Ramsey says that they are? If you are looking for guarantees as far as income, market risk protection, then according to him, they do not provide any value. I beg to differ!
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If Dave Ramsey doesn't make money off of annuities then they are bad for him. He also says that IULs are bad. He also doesn't make money off those either. Basically anything not sold by Primerica he would consider bad because he doesn't get an override from it.

Tim_Maltby
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Why would Dave say you need an annuity, when you can with 8% a year from your portfolio (I wouldn't take investment advice from Dave Ramsey)

johngill
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Annuities are not good long term investments

MrGiggity
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