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If I buy an annuity for 1 million, how much goes to the agent?

10 Mar
 
3 Comments

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  1. Ryan M

    March 10, 2010 at 7:02 pm

    Kind of depends on how much the CONTRACT says goes to the agent. There is no LAW that states that they MUST get XX% and them getting ANY less or more is illegal.

     
  2. David L

    March 10, 2010 at 7:08 pm

    If you use go with Fidelty, about .35% so for 1 million it would cost you about $3500

    http://personal.fidelity.com/products/annuities/fili_compare_chart.shtml.cvsr?refpr=annuover07

    If you would like to learn how to make even more money with minimal work I suggest that you sign up for this FREE course, it has helped me and if you are willing to learn it can help you to.

    http://shoemoney.go2jump.org/aff_c?offer_id=2&account_id=30

     
  3. Wee_Willie_Winkie

    March 10, 2010 at 7:37 pm

    Too much…

    Annuities and Whole/Universal Life insurance policies are the absolute BIGGEST ripoff there are out there. They serve no purpose but to make the company that sells them a TON of money….

    Avoid them by buying a million dollar TERM insurance policy, and investing the difference. if you start this at 25 yrs old, you’ll end up with 4X the amount of thet “whole” policy IN CASH..,..