Variable annuity

A variable annuity is a type of annuity contract that allows for the accumulation and disbursement of capital on a tax-deferred basis (such as interest). Variable annuities differ from fixed annuities, which offer a guaranteed return and a minimum payment at annuitization, in that there is no guarantee of a return, only the assurance that one will get back the principal paid—Read more at Investopedia. Ganti, Akhilesh. “Variable Annuity.” 30 April 2019