What are Mutual Funds

What’s the difference between variable annuity sold by mutual funds and simple income fund?

Grassroots asked:


Aren’t annuities from mutual fund companies based on their mutual funds?

Tags: Annuities, Mutual Funds, Variable Annuity

This entry was posted on Saturday, January 17th, 2009 at 10:35 am and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “What’s the difference between variable annuity sold by mutual funds and simple income fund?”

1. Michael K says:

   January 20, 2009 at 5:15 am

   Annuities from mutual fund companies are not always entirely based on their mutual funds.

   I used to work for Putnam Investments, and they teamed up with Hartford Life Insurance Co to offer annuities. Most of the underlieing funds were based on Putnam mutual funds, but there was a fund that was based on Hartford’s underlying investment vehicle.

   I think that’s probably what you’re asking about with the simple income fund.