Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Variable Annuity

Updated on 2023-08-29T11:58:19.018047Z

A variable annuity is a contract that is sold by an insurance company and it provides the holder with future payments depending on the performance of the underlying securities mentioned in the contract.

The insurer provides the holder with a minimum payment but the rate of return on the underlying asset may change.