Fees in your annuity are the silent killer. These fees come in a number of forms: M&E (mortality and expense) charges, administrative fees, annual maintenance or contract fees, riders, sub-account fees, and surrender charges. Typical variable annuity fees add up to nearly 4% per year in fees; so if you have a $500,000 annuity you are paying $20,000 per year, enough to make anyone sick! Compare those fees to our personally vetted alternatives which cost between 0% and 1.5%. Quit stalling, now is the time to make your money work for you, not your broker!
Furthermore, the benefits your “advisor” sold to you as a needed benefit (such as lifetime income benefit or GMWB rider) rarely are ever used or economical to use. What does this mean? Well, it means you need to stop the bleeding now and significantly reduce the fees in your current annuity. Minimizing fees inside an annuity contract can be done in a number of ways and we are here to lend our expertise to help you make the best decision possible.
To have your contract reviewed, learn more about your options, and get assistance in making the best decision possible for your money can complete the form below. Quit stalling, now is the time to make your money work for you, not your broker!