What types of fees may be associated with annuities?

The selection of management fees, insurance costs, and mortality charges as associated fees with annuities is accurate because these fees reflect the ongoing costs and risks inherent in these financial products.

Management fees are often incurred in variable annuities, where investment options are selected for the annuity funds. These fees compensate investment managers for their expertise in handling the investment portfolios.

Insurance costs pertain to the guarantees provided by the annuity, such as death benefits or income riders that ensure a certain income level. These costs are critical as they protect the annuity holder and contribute to the overall cost of maintaining the product.

Mortality charges are also relevant, as they cover the risk of loss associated with the insured lives in the contract. These charges compensate the insurance company for the risks they take, ensuring that the benefits promised in case of serious illness or death are funded.

In contrast, the other options either limit the scope of potential fees associated with annuities or mention fees that are not standard in annuity contracts, resulting in an incomplete understanding of the associated costs. This comprehensive look at applicable fees is essential for assessing the suitability of annuities for potential investors.