Direct answer
Yes, variable annuities often include mortality and expense risk charges, administrative fees, and underlying sub-account management fees that are disclosed in the product prospectus. These costs vary significantly depending on the specific riders and investment options selected at the time of purchase.
SEC investor education resources regarding variable annuity fee disclosures. For a comprehensive breakdown of the various charges associated with these products, see the U.S. Securities and Exchange Commission’s investor guide to variable annuities.
What this means for you
Yes, variable annuities often include mortality and expense risk charges, administrative fees, and underlying sub-account management fees that are disclosed in the product prospectus. These costs vary significantly depending on the specific riders and investment options selected at the time of purchase.
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