Variable Annuity
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. Related Terms:
Annuitant
Annuity
Annuity Contract
Beneficiary
Deferred Annuity
Fixed Annuity
Guaranteed Minimum Accumulation Benefit - GMAB
Hybrid Annuity
Life Annuity
Stretch Annuity |