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Annuity Commissions

Annuity Commissions: A Really Bad Thing! Really?

Howard Hafetz

I recently read an article from an advisor referral website that claimed the only type of advisor one should use is a fee-based (or fee-only) financial advisor. Not only is that reasoning weak, but also very short-sided. Let’s examine. We live in a free-market capitalist economy. Someone creates a product or service to sell. The entrepreneur incurs expense to market the product or service. He or she also has potential other cost to incur before the product or service is sold, among those are, but...

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Are Annuity Commissions Too High?

Howard Hafetz

Written By: The Annuity Guys Most of the mainstream media decries annuities as bad investment choices sold by unscrupulous agents solely to earn high commission. CNN/Money even states “annuities frequently charge other high fees as well, usually including an initial commission of up to 10% of your premium or investment”. The key word in this statement is “up to” – the majority of fixed annuities today are in the five to seven percent range assuming the agent elects to take the commission up front. It is important to keep...

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How Do Annuity Commissions Get Paid To The Agent?

Howard Hafetz

The “Ask Stan The Annuity Man” educational series is provided by a nationally recognized annuity critic and annuity consumer advocate.  Stan The Annuity Man has over 25 years of experience in the financial services industry, and is the author of the highly acclaimed book, The Annuity Stanifesto. Question: I’m talking to a lot of annuity agents, and can’t get a consistent answer on how they get paid.  I know that they do, so how do annuity commissions work?  Joe from Texas Answer: Good job for...

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