Definition of “Cheapest” Annuities
The term “cheapest” can be interpreted differently regarding annuities. Here’s a breakdown based on various interpretations:
- Lowest Initial Investment: American Equity offers annuities that can be started with as low as $5,000, making it an accessible option for those with limited initial funds.
- Lowest Fees: Athene Annuity is known for having minimal fees, which is crucial as high fees can significantly diminish the benefits of an annuity over time.
- Low Cost of Selling and Managing Annuities: The Annuity Expert stands out as a broker that does not charge fees for selling or managing annuities, potentially saving customers considerably in the long run.
Examples of Annuity Providers and Their Features
- American Equity: Ideal for those starting with a smaller investment.
- Athene Annuity: Best for individuals seeking to minimize ongoing fees.
- The Annuity Expert: Suitable for those who want to avoid extra costs associated with the purchase and management of an annuity.
|The Annuity Expert
In conclusion, the “cheapest” annuity depends on what aspect you’re focusing on: initial investment, ongoing fees, or the cost of brokerage services. Each provider mentioned offers a unique advantage depending on your priorities. Contact us today for a free quote.
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