MLchartDataset catalogue

Variable annuity

Term · Law · MLC-T-LAW-005139

A contract between an individual and an insurance company where the insurer agrees to make periodic payments to the annuitant, starting immediately or at some future date. The value of the annuity fluctuates based on the performance of underlying investment options chosen by the annuitant. These products offer tax-deferred growth and can provide a stream of income during retirement.

Table 1. Record
IdentifierMLC-T-LAW-005139
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005139",
  "term": "Variable annuity",
  "field": "Law",
  "definition": "A contract between an individual and an insurance company where the insurer agrees to make periodic payments to the annuitant, starting immediately or at some future date. The value of the annuity fluctuates based on the performance of underlying investment options chosen by the annuitant. These products offer tax-deferred growth and can provide a stream of income during retirement.",
  "url": "https://mlchart.com/terminology/law/variable-annuity/"
}

Record 5,261 of 5,439 in Law terminology (MLC-0107). Request the full dataset.