Single premium deferred annuity for father-in-law – 83 years old. Annuity Start date 2036

Single premium deferred annuity for father-in-law - 83 years old. Annuity Start date 2036 My parents-in-law just shared the news that their financial advisor has sold them an annuity for $500k, they have 3 days left to cancel the contract. My father-in-law had a heart attack last month and is suffering from dementia. Is this, in any possible way, good advice ? He has more than sufficient wealth and income to live on without this annu...

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