SEC Investor Bulletin: An Introduction to Variable Annuities

The SEC Office of Investor Education and Advocacy issued an Investor Bulletin to provide information regarding "the basics" of variable annuities.

The bulletin stated that, before investing in a variable annuity, an investor should (i) know how variable annuities work, including why variable annuities are not appropriate for short-term investors, (ii) understand the key features of products, and (iii) realize that variable annuities carry a certain amount of risk which can lead an investor to lose money.

See: SEC Investor Bulletin.