When looking at an annuity, it’s fair to wonder:
“What annuities have the lowest fees?”
As with all financial products, there are costs involved with annuities. And sometimes, commissions, fees and other charges can add up.
But knowing what questions to ask when buying an annuity can be good protection against high fees.
A common misconception about annuities is that they are all expensive. But this is simply not the case. Annuity costs can vary widely by the annuity type, the issuing company and the specific annuity selected.
There are many different types of annuities, and all have different costs.
A Fixed Annuity tends to have lower costs because they are relatively simple. They also tend to have lower growth potential during the term of the annuity.
A Fixed Index Annuity may have the potential for greater growth due to their tie to select external indexes, and can sometimes involve greater costs especially if you purchase optional benefits or riders.
To learn more about this these types of annuities and other attractive and guaranteed products, I’m always available for coffee. My treat!