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

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

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

  1. Michael K says:
    September 3, 2010 at 1:30 pm

    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.