Lincoln: Commissions Can Be Best Deal For Consumers
July 14, 2016 by Cyril Tuohy
Is it in the best interest of a mutual fund investor to pay a broker a 1 percent annual fee on invested assets of $100,000 in a retirement account?
Or is a 4.5 percent up front commission and .25 percent annual trail commission on $100,000 variable annuity with a lifetime income rider in the best interest of the client?
For annuitants in a variable annuity held for 30 years or more — which would be the case if annuitants don’t want to outlive their income — the upfront commission model is by far the better deal as far as annuity contract holders are concerned. Click HERE to read more… INN articles may require a subscription to view