I am over 60 and sought financial guidance when I was laid off. New York Life insurance was promoted by AARP, so I went with them. I was sold a life annuity policy without being told full details, although I mentioned I would probably be moving out of state eventually. She told me 'don't worry, there are ways". Its been a little over a year and the need to move came sooner than expected and frankly I'm screwed. Thats right, there is no way to get money out or a loan or anything. I cannot believe I have been so stupid, but I trusted her.