Why Buy A Variable Annuity?

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   A variable annuity allows a person to have the advantages of an annuity, lifetime income, estate planning etc. while retaining the ability to direct the investments that form the value of the annuity. In a variable annuity the owner has the right to allocate contributions into various funds by personal preference. The owner also frequently has the right to shift funds from time to time with all of the money remaining in a tax deferred policy.

   Answered on September 18, 2014

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