YOU ASK:

What is the definition of Annuity Investment Management Fee?

WE ANSWER:

The Annuity Investment Management Fee is the fee charged for the service of managing the annuity's invested assets. In the same way that a management fee is paid to a mutual fund, you are also charged a management fee for someone to look after the investments, particularly when the annuity provides you with regular and intensive monitoring and management reports.

This fee is usually deducted from the returns you get from the annuity, along with other basic fees such as administrative fees, mortality fees (payment for the life insurance component of the annuity) and other related fees. These fees are usually computed and specified in the annuity contract.

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