An allocation option that provides a minimum rate of interest guaranteed by the insurance company. Return to Previous
Deposit account at a commercial bank that pays interest, usually on a day-of-deposit to a due-date basis.
For a variable annuity, an investment subaccount into which contract owners can place money that will earn a guaranteed fixed rate of interest for a specified period of time. Also known as variable guaranteed account. See also subaccount.
Part of the company's general account to which a variable annuity contract owner may allocate all or part of premium payments. Also known as fixed investment option.