I can buy my own stocks through sites like e-Trade and Schwab and Fidelity. I do my own banking with the bank's web site. Why do I have to buy annuities through a broker (human being)?
I was looking at some financial instruments this weekend. What was striking is that to contract for an annuity, I have to go through a middle-man (or two) instead of being able to simply make a decision and creating an account.
Yet, my bank lets me do all my banking online, my stockbroker lets me handle my stock purchases all by myself, and I can buy CDs from any bank in the US without intervention. The last time I changed car insurance I handled that myself, as well.
Why do I have to go through a middle layer to buy an annuity?
Why are
Topic:
financial stuff
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