variable annuity

American  

noun

1. an annuity in which the premiums are invested chiefly in common stocks or other securities, the annuitant receiving payments based on the yield of the investments instead of in fixed amounts.

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Example Sentences

See Examples For:

variable annuity

I have a business degree and worked for a variable annuity company for several years before I left to help him start our construction business.

From Slate ● Feb. 3, 2023

The average annual expense ratio — the administrative and operating costs deducted from your returns — for a variable annuity is 2.27 percent, according to Morningstar, and some top 3 percent.

From Seattle Times ● May 22, 2017

The Transamerica Principium III variable annuity charges 0.85% annually, plus the cost of the underlying funds, and has a surrender fee period that runs for five years.

From The Wall Street Journal ● Mar. 3, 2016

Jerry Golden, president of Golden Retirement Advisors, is credited with creating the first guaranteed minimum income benefit for a variable annuity when he worked at AXA in the mid-1990s.

From New York Times ● Jul. 12, 2013

AXA meanwhile has been struggling to turn around its U.S. business and succeeded in cutting losses from its troubled variable annuity business to 28 million euros from 325 million a year ago.

From Reuters ● Feb. 21, 2013