What is the definition of Annuity Administrative Charges?

Annuity Administrative Charges refer to the costs associated for the owner to administer the annuity. These are more or less fees for the customer service they provide such as record keeping and providing you with regular updates as to the status of the annuity.

Annuity administrative charges and other charges related to the annuity make the annuity attractive as a long term investment, when compared to other investment vehicles such as the mutual funds. You see, the benefit of the deferred taxes will exceed the administrative expenses of the annuity for a long time (sometimes as long as over 15 years).

• Businessowners Policy / BOP
• Competitive State Fund
• Excess and Surplus Lines
• Employer’s Liability
• Blanket Insurance