What are the commissions on an annuity?
November 2nd, 2009
Globe asked:
I’m looking at buying a variable or equity annuity and am curious what the broker commission is. I’ve read stuff that there is a recurring commission (ie: 1st year, 2nd year, etc) but how does that work if I only put money in up front? Or do I have to put money in annually? I’m looking at Allianz and Prudential products.
I’m looking at buying a variable or equity annuity and am curious what the broker commission is. I’ve read stuff that there is a recurring commission (ie: 1st year, 2nd year, etc) but how does that work if I only put money in up front? Or do I have to put money in annually? I’m looking at Allianz and Prudential products.