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no-load annuity

A kind of annuity that is bought directly from an insurance company or a paid financial adviser; this is because it is rarely sold by brokers, as the salesperson/broker does not receive any commission on annuities sold. Opposite of this is the broker sold annuities, which has high commission fee that results in a low investment return.

Related information about no-load annuity:
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  3. No-Load Annuity Definition | Investopedia
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  6. Broker Sold Annuities vs No Load Annuities
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    May 24, 2006 ... I just found out about a new no-load variable annuity that was released, and it has two very unique qualities to it that the average VA doesn't.
     
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