Generally, a fee - based variable annuity charges an ongoing asset - based fee instead of providing the advisor with a traditional commission. (thinkadvisor.com)
It has an annual annuity charge of just 0.25 % (0.10 % for contracts purchased with an initial investment of $ 1 million or more4), which means more of your money goes to helping you reach your investment goals. (fidelity.com)
Contracts purchased with an initial purchase payment of $ 1 million or more will qualify for a reduced annual annuity charge of 0.10 % (the initial purchase payment is the amount applied to the contract on the contract date). (fidelity.com)