Don’t Fall for Any ‘no-fee’ Annuities Since the Fees Are Still There, Just Hiding
Looking for a no-fee, no-load annuity? Don’t get tricked into believing they have no cost associated with them. They’re there, hiding in plain sight under a different form. Because insurers want to make a profit (what else is new!?) after covering expenses and paying a commission to the sales agent, these costs are typically built into the product.
Before buying a variable annuity, simply get a clear picture of all the costs and ongoing fees. They may cost so much particularly because of those fees, but you might not realize this from the get-go.
