Question : What's the difference between variable annuity sold by mutual funds and simple income fund?
Aren't annuities from mutual fund companies based on their mutual funds?
- asked by Grassroots
All Answers:
Answer #1
Annuities from mutual fund companies are notalways entirely based on their mutual funds.I usedto work for Putnam Investments, and they teamed upwith Hartford Life Insurance Co to offerannuities. Most of the underlieing funds werebased on Putnam mutual funds, but there was a fundthat was based on Hartford's underlying investmentvehicle.I think that's probably what you're askingabout with the simple income fund.
- answered by Michael K
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