Advertising

Variable annuity

• An annuity under which monthly payments vary depending upon the value of the underlying investments, usually common stocks.

• An insurance contract in which the insurance company guarantees a minimum total payment to the annuitant at the end of the accumulation stage. The performance of a separate account, generally invested in equity securities, determines the amount of this total payment. See also: Fixed Annuity.

 
 

Follow this link for all the terms related to annuity.

 
 Embedded terms in definition
 Accumulation
Annuitant
Annuity
Common stock
Contract
Equity
Fixed annuity
Investments
Securities
Separate account
Underlying
 
 Related Terms
 

<< Variable annuities Variable cost >>

Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

Do not go where the path may lead, go instead where there is no path and leave a trail. - Ralph Waldo Emerson

Advertising



Copyright 2009-2019 GVC. All rights reserved.