No. Some investment businesses sell annuities with out charging a sales commission or perhaps a surrender charge. They are known as direct-sold annuities, simply because in contrast to an annuity sold by a conventional insurance coverage business, there isn't any insurance coverage agent involved. Using the agent out from the image there isn't any have to charge a commission. Firms that sell low-cost annuities consist of Fidelity, Vanguard, Schwab, T. Rowe Cost, Ameritas Life and TIAA-CREF.