Question: what are the risks with annuities?
Answer: Illiquidity. With most annuities, you are committed to the contract at the end of the initial "free look" period. ... 
Dying early. If you die too soon after buying an income annuity, you will not receive the benefit of the future payments you had expected. ... 
Company risk. ... 
Inflation. ... 
Opportunity cost. ... 
Interest rate risk.