Before purchasing an annuity, ask: What type is this and what specific problem does it solve for me? What are the surrender charges, and for how long? What are all fees and rider costs, stated as annual percentages? What guarantees are provided, and who backs them — the insurer or a government program? How is the agent compensated? What is the insurer’s financial strength rating from AM Best or S&P? Request a full illustration showing projected values under conservative, moderate, and optimistic scenarios before signing.