More investors now think VAs are OK – but fees still a drag
Investors are slowly warming up to variable annuities. They'd get even more excited if annual charges on the products were reduced.
Variable annuities, which combine mutual-fund-like investing with income or other guarantees, are as controversial as ever — but investors increasingly are considering purchasing them, financial advisers say.
“Every [variable annuity] product has an Achilles' heel,” Bruce Cacho-Ne
Learn more about reprints and licensing for this article.