Which Is True Regarding Variable Annuities?

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   A variable annuity is a contract issued by a life insurance company. It has the standard features of other annuities but the cash value is directed by you the policy owner. You select which funds will accumulate money. Depending upon the variable annuity and the options included you might be able to continue to direct the investments through the phase where the company is paying you a lifetime income. In that case your income during “annuitization” can rise and fall with the underlying values of the securities you selected.

   Answered on September 26, 2014

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