Tread Carefully – A Variable Annuities Overview
Variable Annuities Caveat
In this discussion of variable annuities, I am mostly making an implicit assumption that the annuity is competitively priced. Fees reflect what is needed to support the guarantees provided by the insurance company and to keep the company profitable. But fees are not excessive such that the value to the consumer is eliminated.
It must be noted that not all variable…