Is buying an annuity from a fraternal organization safe?
-Marilyn Galli, Delray Beach Buying an annuity from anybody requires research before entering into the contract, said Certified Financial Planner Matt Saneholtz of Tobias Financial Advisors in Plantation. You will want to make sure the organization is licensed with the state to sell annuities, determine if the annuity is backed by a highly rated insurance company and make sure the representative selling you the annuity takes the time to explain all the details of how the product works. If you don’t understand it thoroughly, don’t buy it.
