What is a variable annuity? As in the case of any annuity scheme, a variable annuity is a contract between you and insurance company to make periodic payment to you starting from a predetermined date. This date can be immediately after making the first payment. One major feature of variable annuity is that you hold the [...]
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In the US, 77 million baby boomers of the 1940s turned 63 –their desire to beat inflation and to secure a steady post retirement income may have spurred the Variable annuity market. The market for the Variable Annuity-a contract with an insurer to channel your funds into investment options like shares and bonds and get higher [...] If you are one of those millions who are looking for a good way to invest your retirement money, variable annuities could be a great option. This is a very popular insurance contract that provides you payment depending upon the performance of your underlying mutual funds portfolio. Marketed by insurance companies, variable annuities earlier were targeted [...] |
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