They can range up to 8.5 percent of your investment. 12b-1 fees are fees charged by some funds to cover advertising and marketing costs. Management fees cover the cost of paying the fund's investment advisor, who is the person or entity that recommends which investments the fund should buy or sell. These fees can also be called investment advisory fees or account maintenance fees. Surrender charge fees are fees the insurer charges if you withdraw your funds before a certain period of time.
Annual charges cover the cost of administering the annuity contract.
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