The skinny on fat annuity fees

One major complaint that naysayers have with annuities are the fees. -Italic They say annuities are expensive. A fee that is typically expressed as a percentage of the annuity's account value (AV), and covers the cost of transferring funds between sub-accounts, issuing policy statements and tra...

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Bibliographic Details
Published in:Senior Market Advisor 2012-03
Main Author: Moore, Sheryl J
Format: Article
Language:English
Subjects:
Administrative expenses
Annuities
Fees & charges
Insurance companies
Variable annuities
Online Access:Get full text
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Summary:One major complaint that naysayers have with annuities are the fees. -Italic They say annuities are expensive. A fee that is typically expressed as a percentage of the annuity's account value (AV), and covers the cost of transferring funds between sub-accounts, issuing policy statements and tracking the deposits in the contract. The typical variable annuity (VA). has average annual charges near 4.5 percent, all-in.
ISSN:2332-6735