What are the fees associated with Allmerica Financial accounts?

The fees associated with Allmerica Financial accounts vary depending on the specific type of account and services provided. Allmerica Financial offers a range of financial products and services, including mutual funds, life insurance, annuities, and retirement plans. Each of these products has its own fee structure. For example, mutual funds usually have expense ratios that cover management fees, administrative costs, and distribution expenses. Life insurance policies may have premium charges and administrative fees. Annuities often come with surrender charges and fees for optional riders. Retirement plans may have record-keeping fees and investment management fees. It is important for clients to review the fee disclosures and documents pertaining to their specific accounts to understand the associated costs.