Why Are Equity Indexed Annuities Bad? 
Equity Indexed Annuities are not bad if sold appropriately . They are in fact a very good way to provide a safe lifetime retirement income . They can provide a competitive upside interest rate without the downside risk . The problem is that some agents have sold annuities to people without explaining the product . Some annuities have long surrender periods for example , thus may not be appropriate for someone who is older or who may need access to the money in a shorter time frame . 