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

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