Who Is A Variable Annuity Good For? 
Variable annuities are only good for people with a high level of risk tolerance . Variable annuities can lose money , as well as , gain money . Hence , the term variable . When looking at variable annuities make sure you understand the risks involved . There are some great agents that can help you decide if these investments are the best fit for your tolerance and situation . There are other annuities that do not pay as much interest but are safer . For example , some annuities offer `` floors '' . Every annuity has some pros and cons so just make sure you understand the contract . 