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

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

A variable annuity is a contract with an insurance company.

From Seattle Times • May 22, 2017

For instance, Lincoln Financial Group LNC 1.27 % ’s Investor Advantage fee-based variable annuity charges 0.30% annually for the base contract, plus the cost of the underlying funds.

From The Wall Street Journal • Mar. 3, 2016

“One of the fundamental problems is that most of these variable annuity products are sold based on marketing materials and marketing hype, and there is no standard way to compare them,” he added.

From New York Times • Jul. 12, 2013

He said Manulife is unlikely to follow Sun Life's lead and sell its U.S. variable annuity business, a key money-loser in the wake of the 2008 financial crisis.

From Reuters • Feb. 7, 2013