Insurers offering variable annuities charge a number of fees and expenses.One category of fees and expenses is charged to cover the cost of record keeping,paperwork,and periodic reports to annuity owners.This expense is the

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The administrative charge is specifically designed to cover the cost of record keeping, paperwork, and periodic reports to annuity holders. Other fees, such as investment management charges and surrender charges, are not necessarily related to these administrative functions. The front-end load is an initial sales charge that is assessed when the annuity is purchased, and is unrelated to ongoing administrative expenses.

Insurers Offering Variable Annuities Charge a Number of Fees and Expenses.One