Why financial advisers love to sell VA(Variable annuities) to their clinets? Primirarily financial advisers can earn fat commissions from their clients and it is easy to sell. Most consumers fall for the sales pitch of getting tax deferred savings by investing in mutual funds through a VA as well as the promise that they won't ever get less out of the VA than they put in.
Advisers doesn't tell you: you will pay an extra fee each year that hoovers around 1.3% to give you that asset protection, which kicks in only if you die. If you take all your money out while you are alive, there's no guarantee you'll get at least your original deposit back.
If you withdraw it, you are going to owe income tax, not capital gains ta, on your earnings.
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