Annuities have long had a reputation for generating rich commissions for salespeople. Now, a new generation of annuities that are free of commissions promises to alter that perceptionbut the trend isnt a clear win for investors.
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Insurance companies including Lincoln Financial Group, Pacific Life and Great American Life Insurance in the past year have launched new fee based variable and fixed-indexed annuities for use in brokerage accounts where investors pay an annual asset-based fee. Rather than be rewarded with an up-front....More>>>