Power Index Annuity

I am 68 years old and considering investing in a Power Index Annuity. Would like your thoughts and input concerning this ten year investment. For maximum yield I must not draw or have access to the funds for ten years. The investment company claims a guaranteed 7 percent yield each year for ten years. Do you feel that this instrument is a good and safe investment. Would you recommend this for someone my age.
Thank You

Terry Says:  NO!