variable annuity

variable annuity
variable annuity see annuity

Merriam-Webster’s Dictionary of Law. . 1996.

variable annuity
An annuity that makes payments that vary in amount, depending on the performance of the investments made by the annuity company. Compare: fixed annuity
Category: Personal Finance & Retirement → Retirement Planning

Nolo’s Plain-English Law Dictionary. . 2009.

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Look at other dictionaries:

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  • 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. The portfolio generally… …   Investment dictionary

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  • annuity — /an(y)uwatiy/ A right to receive fixed, periodic payments, either for life or for a term of years. Moore v. O Cheskey, App., 87 N.M. 66, 529 P.2d 292, 293. A fixed sum payable to a person at specified intervals for a specific period of time or… …   Black's law dictionary

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