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variable annuity

American

noun

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.

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

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

From Reuters • Feb. 11, 2022

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

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

The attraction of a variable annuity can be real if the person buying it has a long time to grow capital so that deferring capital gains taxes may be helpful.

From New York Times • Jan. 16, 2015

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023