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

AllianceBernstein offers a target-date fund with a variable annuity, which provides some exposure to the stock market.

From The Wall Street Journal

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

Aegon, which earlier this year completed the sale of its Hungarian arm and said it planned to sell its 50% stake in its joint venture with Liberbank, is now exploring a deal to divest its capital-intensive U.S. variable annuity portfolio.

From Reuters

MetLife does not disclose the size of its variable annuity business.

From Reuters

In other words, a high-commission variable annuity is the kind of investment that a fiduciary — someone who puts a client’s interest above their own — might not recommend.

From New York Times