Describe a financial circumstance in which owning a variable annuity would not be a good idea.

Question:

Describe a financial circumstance in which owning a variable would not be a good idea.
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...