Quick Response:

Our view - annuities are often just plain unsuitable for an older person -- one who may need flexible and liquid investments available to pay for care.

Adding to the cautions, the U.S. Securities and Exchange Commission (SEC) has an online brochure to help investors better understand the benefits, risks, and costs of variable annuities.

More information:

S.E.C. Variable Annuities: What You Should Know

H.E.L.P.'s annuity website, annuitytruth.org

Warning: The Medi-Cal rules concerning annuities will be changing significantly. Anyone considering purchasing an annuity should work with an experienced and capable advisor.

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