Article: Not All Variable Annuities Earn the Wrath of Financial Experts.

By Mark Davis, The Kansas City Star, Mo. Knight Ridder/Tribune Business News

Sep. 14--Financial experts routinely groan about the high cost of variable annuities. But not all variable annuities earn their wrath.

James Hunt, a life insurance actuary affiliated with the Consumer Federation of America, said he recommends low-cost variable annuities sold by the Vanguard Group and TIAA-CREF Life Insurance Co. The two fund companies have long been known for charging low fees on investment products.

The virtue of these companies' variable annuities is thrift. They're cheaper to buy, cheaper to own and cheaper to sell than most others on the ...

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