Variable annuities have several disadvantages that make them a less favorable option for many investors. Firstly, they tend to have high fees and expenses associated with them. These fees can significantly eat into the returns on your investment over time. Additionally, variable annuities are complex financial products that can be difficult to understand, especially for inexperienced investors. The underlying investments in variable annuities are typically invested in the stock market, which means they are subject to market volatility. This means that the value of your investment can fluctuate greatly, and you may end up with less money than you initially invested. Another drawback of variable annuities is that they often come with surrender charges, which are fees you have to pay if you want to withdraw your money before a certain period of time. These surrender charges can be quite steep and can discourage investors from accessing their funds when they need them. Finally, variable annuities may not offer the same level of flexibility and control as other investment options. You may have limited options when it comes to choosing your investments or making changes to your investment strategy. Overall, variable annuities can be a risky and costly investment choice, and it's important to carefully consider the potential drawbacks before deciding if they are right for you.