Definition:
Annuities sold by a commissioned sales person, also called a registered representative, or agent, are called broker sold annuities. Compared to no load annuities, broker sold annuities have high expenses, which will ultimately reduce your overall investment return.
No load annuities pay no commissions to a sales person. They can be bought directly from an insurance company, or through a fee only financial advisor.
Also Known As: annuity that pays a commission
