Hopefully, you are now a little more knowledgeable when it comes to the different types of annuities. Next up? Learning all about the fees that are associated with annuities.
Regardless if you buy a variable annuity or fixed annuity, there are different fees charged on these different types of annuities. How are they determined? Well, it comes down to the purpose of the contract terms that you agreed to when you signed the contract.