No. of Recommendations: 0
Dear 7karen:

Here it is. I hope it satisfies your curiosity.
Variable Annuity
An insurance contract in which at the end of the accumulation stage the insurance company guarantees a minimum payment and the remaining income payments can vary depending on the performance of the managed portfolio.
The portfolio generally invests in equity securities, an performance determines the amount of this total payment.
From Investopedia

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.