A Variable Annuity Has Which of the Following Characteristics
However some variable annuities also offer a fixed-rate account which is guaranteed by the issuing insurance company. Bianca has FINRA Series 7 63 SIE licenses and has licensing program at her firm for 5 years. Annuity Vs Life Insurance Similar Contracts Different Goals Ad Learn More about How Annuities Work from Fidelity. . The growth of these accounts is also tax-deferred. In general variable annuities have two phases. At the end of the year your account has a value of 10750. There are no surrender fees. Under fixed annuities the buyer has two payment options. You purchase a variable annuity with an initial purchase payment of 10000. All of the following are characteristics of Variable Annuity contracts EXCEPT. You allocate 50 of that purchase payment 5000 to a. The rate is usually adjusted once a year by the insurance company to reflect current interest rates. A used for the investment ...