Do All Annuities Have Fees?

Shawn Plummer

CEO, The Annuity Expert

Exploring Fee Structures in Different Annuities

Consideration of Surrender Charges

  • Surrender Charges: Although the above annuities might not have traditional fees, they often come with surrender charges. These are fees applied if funds are withdrawn prematurely, typically within the first several years after purchase.

Exception with Return of Premium Rider

  • Return of Premium Rider: Annuities with this rider stand out as they can waive both traditional fees and surrender charges. This rider guarantees the return of total premiums paid under certain conditions, such as the annuitant’s death.


Not all annuities have traditional fees. SPIAs, MYGAs, fixed annuities, and fixed indexed annuities often exclude these fees in their base contracts but may include surrender charges. Annuities with a Return of Premium rider can potentially waive both fees and surrender charges. Understanding these nuances is vital for making informed annuity choices. Contact us today for a free quote.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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