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

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

“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

AXA meanwhile has been struggling to turn around its U.S. business and succeeded in cutting losses from its troubled variable annuity business to 28 million euros from 325 million a year ago.

From Reuters • Feb. 21, 2013