Low-cost VA for RIAs introduced by RetireOne and Protective
The variable annuity product has mortality and expense fees of 30 basis points
RetireOne, a fee-based insurance platform, and Protective Life Corp., an insurer, have created a variable annuity designed for registered investment advisers that carries mortality and expense fees of 30 basis points.
The investment lineup for the product includes offerings from Vanguard and Dimensional Fund Advisors, the companies said in a release.
[More: Just say no to annuities, one-third of RIAs say: Survey]
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