What is the definition of C-Share Variable Annuities?
C-Share Variable Annuities are variable annuities that do no charge up front sales fees or surrender fees when the annuity owner decides to surrender the annuity. This is contrasted with A-Share Variable Annuities which charge an up-front sales fee and B-Share Variable Annuities, which charge a surrender fee when the annuity owner wants to discontinue his payments. With C-Share Variable Annuities, annuity owners can decide to liquidate the annuity at any time. However, there may be tax penalties levied on the withdrawals. When evaluating annuities, it is good to evaluate the annuities by the yield it can produce. Although C-Share Variable Annuities do not charge these fees, they usually have a higher internal expense rate than standard variable annuity contracts.
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