variable annuity

Definition of "variable annuity"
  1. A financial product that pays income, with the amount decided by the performance of the annuity company's investments
How to use "variable annuity" in a sentence
  1. With a variable annuity, his monthly income fluctuated based on his investment's performance.
  2. The risk associated with a variable annuity is dependent on how well the investment performs.
  3. He decided to invest in a variable annuity to have a potential increase in future income.

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