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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.


Example Sentences

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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 financial company is reportedly planning to sell some variable annuity assets and buy back shares.

From Seattle Times Dec. 21, 2017

Vanguard offers a variable annuity issued by Transamerica Premier Life Insurance Co. with annual costs for the contract and the underlying investments running about 0.56%.

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

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

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