1. 4470 POINTS
    Brandon Roberts
    Owner, The Insurance Pro Blog,
    Vanguard does not manufacture (issue) annuity contracts, but it can act as an agent and sell them to you.  When Vanguard does this, it is acting in the same capacity that any licenses insurance agent would and will receive commissions on the sale of the annuity contract that you purchase.
    Answered on August 24, 2013
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