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Variable Annuities



Overview

Description

What Is a Variable Annuity?


A variable annuity is an insurance-based contract between you and the

issuer.


How a variable annuity works:

• You pay premiums to the annuity issuer

• Issuer invests your money in accordance with your specifications

• Earnings accumulate tax deferred

• Earnings are taxed as ordinary income when distributed


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