Variable annuity
- This topic has 1 reply, 1 voice, and was last updated 5 years, 9 months ago by
Vanshika Gupta.
Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
Vanshika Gupta
What is variable annuity?
A variable annuity is a type of annuity contract, the value of which can vary based on the performance of an underlying portfolio of mutual funds. Variable annuities differ from fixed annuities, which provide a specific and guaranteed return.
The most popular type of variable annuity is a deferred annuity. Often used for retirement planning purposes, it is meant to provide a regular (monthly, quarterly, annual) income stream, starting at some point in the future. There are also immediate annuities, which begin paying income right
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.