Jasz
VIP Contributor
Variable annuities are annuities that provide a guaranteed return, generally from a fixed amount of money. These contracts are sold by insurance companies and brokerage firms and can be purchased by individuals or other companies. They were developed to offer investors tax benefits and other features not available with traditional individual retirement accounts (IRAs) or mutual funds.
Variable annuity contracts can be invested in two ways:
A-share Variable Annuities are a type of variable annuity contract that has no surrender charges. A-share contracts typically have no surrender charges, but some may charge a fee for switching from one company to another or for premature withdrawals.
C-share Variable Annuities are contracts that require the investor to pay sales charges when they purchase the contract. Most C-share contracts have multiple sales charges that are levied at various times throughout the life of the contract, such as when you invest or make additional premium payments."
Variable annuity contracts can be invested in two ways:
A-share Variable Annuities are a type of variable annuity contract that has no surrender charges. A-share contracts typically have no surrender charges, but some may charge a fee for switching from one company to another or for premature withdrawals.
C-share Variable Annuities are contracts that require the investor to pay sales charges when they purchase the contract. Most C-share contracts have multiple sales charges that are levied at various times throughout the life of the contract, such as when you invest or make additional premium payments."
