What is an O share on an annuity?

An O share on an annuity refers to a specific type of share class that may be offered within variable annuities. This share class typically has lower upfront fees or commissions, making it more attractive for long-term investors. O shares are designed to provide investors with a more cost-effective option, although they may come with higher ongoing fees and expenses compared to other share classes. It's important for investors to review the terms and conditions associated with O shares to understand their overall impact on returns.