Variable Annuity Definition

noun
An annuity in which payments to the annuitant vary according to the changing market value of the underlying investment.
American Heritage

Variable Annuity Sentence Examples

  • Use the Find an Advisor feature by entering your zip code to locate an independent broker who works with IDS who can help you set up either a fixed or variable annuity.

  • A variable annuity is a financial product that is purchased by an individual from an insurance company.

  • The second phase of a variable annuity is the payout phase.

  • One of the biggest disadvantages to the variable annuity is the IRS annuity penalty.

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