Wednesday, August 08, 2007
Variable Annuities Get a Little Better; Reputation Improves, But There Still Are Some Drawbacks
Variable annuities -- which are basically mutual funds sold with insurance guarantees -- have long suffered a bad reputation for their high costs and complexity.
Now, a few insurance companies are hawking stripped-down, lower- fee annuities. While they're a big improvement in some ways, buyers need to take that sales pitch with a grain of salt.
Variable Annuities Get a Little Better; Reputation Improves, But There Still Are Some Drawbacks
Source: Insurance News Net
Now, a few insurance companies are hawking stripped-down, lower- fee annuities. While they're a big improvement in some ways, buyers need to take that sales pitch with a grain of salt.
Variable Annuities Get a Little Better; Reputation Improves, But There Still Are Some Drawbacks
Source: Insurance News Net