Vanguard Variable Annuity offered by Vanguard

Introduction
Type of Product Variable Annuity
Product NameVanguard Variable Annuity
Offered byVanguard
Company Info

Founded by the investment i... read more

Contract and Purchasing
Minimum Premium Payment5000
Maximum Premium Payment5000000
Minimum Additional Premium Payment250
Investments
Total Number of Investment Options15 [Find annuities with more investment options]
Fixed Account
Features and Benefits
Free WithdrawalsYes
Free Withdrawal Limit100
Guaranteed Death BenefitAvailable
Are Telephone Transactions AllowedYes
Fees and Expenses
Minimum Total Fees and Expenses0.48 [Find annuities with lower fees and expenses]
Maximum Total Fees and Expenses0.93 [Find annuities with lower fees and expenses]
Minimum Mortality and Expense Risk Charge "M&E Fee"0.2 [Find annuities with lower mortality and expense fees]
Maximum Mortality and Expense Risk Charge "M&E Fee"0.32 [Find annuities with lower mortality and expense fees]
Administrative Fee25.00 [Find annuities with lower administrative fees]
Contract Maintenance Fee0.1 [Find annuities with lower contract maintenance fees]
Early Withdrawal Charges / Surrender Fees Request Access
Minimum Investment Management Fee0.18 [Find annuities with lower investment management fees]
Maximum Investment Management Fee0.51 [Find annuities with lower investment management fees]
Sales Compensation
Contact Information
Company OfferingVanguard
Company TypeAsset Management
Phone Number877-662-7447
Websitewww.vanguard.com
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Contact Information Connect with a Financial Advisor
Reviews and Ratings
Average Review

4.6/5 from 5 Reviews


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Product Ratings and Reviews

Rating:
5
Average: 5 (1 vote)

As you would expect from Vanguard, this variable annuity is incredibly inexpensive compared to the broader market.

I would venture to guess that it is one of the least expensive VAs in the marketplace.

TIAA-CREF has a nicely priced VA, but not sure how widely available it is.

Jefferson also has a very inexpensive variable annuity, but I think it is restricted to the fee-based registered investment advisor channel.

It is not just the investment management fees that are cheap as a result of inexpensive Vanguard funds.

Mortality and expense charges and living benefit fees are also super low.

I think total max fees for this product are less than 1 percent.

Compare this to certain well known variable annuity products in the market that have total fees in excess of 3.5 percent.

Another winner from Vanguard. 

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