variable annuity Definition

variable annuity

Definition

A life insurance annuity contract which provides future payments to the holder (the annuitant), usually at retirement, the size of which depends on the performance of the portfolio's securities.

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Related Terms

fixed annuity - More

hybrid annuity -

accumulation unit -

combination annuity

periodic purchase deferred contract

Popular 'Retirement' Terms

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Nearby Terms

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