Definitions for "Variable annuity"
(1) An annuity contract in which the amount of each periodic income payment may fluctuate. The fluctuation may be related to securities market values, a cost of living index, or some other variable factor. (2) An annuity under which the benefit varies according to the investment results of a life insurance company's separate account (usually invested primarily in common stocks).
A type of annuity that has a variety of investment options available for your selection. The rate of return you receive will depend on the performance of the investments you choose.
An annuity contract that adjusts the monthly payment according to the investment experience (and sometimes the morality experience) of the insurer.
Keywords:  rube, goldberg, lot, machine
a lot like a Rube Goldberg machine
Keywords:  mutual, group
a group of mutual
an insurance product designed to provide long-term