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General Question

Alex_Capten's avatar

What is variable annuity ?

Asked by Alex_Capten (1 points ) December 11th, 2013

Finance

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1 Answer

zenvelo's avatar

A variable annuity is 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.

But I am sure you knew that.

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