Variable Annuity Contract

What is a Variable Annuity.

Variable annuity contract. Variable annuities are deferred annuity contracts that earn investment returns based on the performance of the investment portfolios known as subaccounts where you choose to put your money. Retirement Cornerstone Series 15B A combination variable and fixed deferred annuity contract Prospectus dated May 1 2017 Please read and keep this Prospectus for future reference. Its intended purpose is for retirement.

A variable annuity is a contract with an insurance company that includes both a self-directed variable investment component and an insurance component. A variable annuity starts with you making payments to an insurance company and choosing funds to invest your money in. A variable annuity is a contract between you and an annuity provider usually an insurance company in which you purchase the ability to receive a stream of income for your life or a set period of time.

You purchase a variable annuity contract by making either a single purchase. Variable Annuity Contract - An Annuity Contract providing for the accumulation of value andor for Annuity payments which vary in amount based on investment results. The return in a variable annuity isnt guaranteed.

Are Not a Deposit of Any Bank Are Not FDIC Insured Are Not Insured by Any Federal Government Agency Are Not Guaranteed by Any Bank or Savings Association. A variable annuity is a type of annuity contract that pairs the growth potential of the stock market with the steady retirement income offered by annuities. Every public agency 457b plan or 401a plan that offers a stable value investment option includes a group variable annuity contract.

The insurer guarantees a minimum payment but the rate of return on the underlying securities may vary. A variable annuity is a contract between you and an insurance company. For example an 85-year-old client in poor health with a variable annuity with a death benefit of 500000 but a contract value of 400000 may be better off keeping their annuity than terminating it even if there arent tax consequences or surrender charges.

Variable annuities work similarly to. You purchase a variable annuity contract by making either a single purchase payment or a series of purchase payments. Variable annuities are long-term investments suitable for retirement funding and are subject to market fluctuations and investment risk including the possibility of loss of principal.