Your Money: Sep. 7, 1998

ANNUITIES ALIVE AND WELL

No wonder that insurance giant AIG recently bought variable-annuity titan SunAmerica. For some reason, consumers are buying record numbers of these instruments, which are essentially tax-deferred mutual funds wrapped around life insurance. Annuities usually carry high fees and taxes. Our advice: stick to options like 401(k)s and IRAs.

FIRST-CLASS MEDICAL CARE

If the thought of getting laid up in a hospital in Karachi makes you feel queasy, MedJet Assistance may be just the cure. In the unlikely event you're involved in a serious accident while traveling either at home or abroad, this newfangled Birmingham, Ala., "membership program"...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!