Is A Variable Annuity A Good Investment? 
Video Transcript : Hello everyone , I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show Steve Savant 's Money The Name of The Game . I 'm answering questions from insurancelibrary.com and today 's question is : is a variable annuity a good investment ? Well remember , this is a market driven product , so the first thing you need to do is take a risk tolerance test . After you take the test and you turn out to be a conservative or even a conservative moderate kind of investor , you may not want to do this product . It has market risk , but it also has market potential . They have expense loads that you need to look at and see if the fees that are inside those contracts are worth doing . Remember , a variable annuity is going to be able to accumulate tax deferred and there could be income riders on which probably will cost you a little bit to play . There will be income riders that could generate guaranteed income for life depending upon if you elect to pay for it or not . Again , remember this is a long haul instrument . It has market risk . You could lose your money . Remember to always take the risk tolerance test for a product like this before purchasing . Well , that 's our consumer question for today . If you have any questions just submit them to www.insurancelibrary.com . 