- How much is the annuity worth?
- How much should I contribute to my annuity?
- if AIG goes under will I lose my annuity ?
- If I had an annuity that paid average interest for 23 years on 150,000-how much would it be worth today?
If I buy an annuity for 1 million, how much goes to the agent?
10
Mar
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.
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
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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..,..