Variable Annuity

What does it Mean? An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio.
Investopedia Says... The portfolio generally invests in equity securities and its performance determines the amount of this total payment.

Terms Related Links

Annuitant
Annuity
Annuity Contract
Beneficiary
Deferred Annuity
Fixed Annuity
Guaranteed Minimum Accumulation Benefit - GMAB
Hybrid Annuity
Life Annuity
Stretch Annuity

Terms Related Links
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