How Are Variable Annuities Insured?

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    David RacichPRO
    Fountain Hills, Arizona
    A variable annuity is a security investment under FINRA and an insurance product under the department of Insurance of each state. Variable annuity separate sub accounts have equity and bond investments and can lose money. The guaranteed general account is a fixed interest rate which can vary. A variable annuity contract is not insured by any government agency.
     
    Answered on July 3, 2013
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