Annuity Fees Head North

A review of 10 of the largest variable annuity providers by Symetra Life Insurance found widespread increases in the fees charged to customers, reductions in guarantees and benefits offered under many riders, and sometimes the elimination of an entire guaranteed living benefit offering... The findings were based on an assessment of product prospectuses active from May 1, 2008 to May 1, 2009 that includes guaranteed living benefit riders for the 10 largest VA providers as defined by 2008 total sales using non-qualified money, according to data from the Morningstar Annuity Research Center...

INN: Annuity Fees Head North