Individual Annuities- Deferred Non-Variable and Variable

What is Individual Annuities- Deferred Non-Variable and Variable?

Individual Annuities- Deferred Non-Variable and Variable is an annuity contract that provides an accumulation based on both (1) funds that accumulate based on a guaranteed crediting interest rates or additional interest rate applied to designated considerations, and (2) funds where the accumulation vary in accordance with the rate of return of the underlying investment portfolio selected by the policyholder. The contract provides for the initiation of payments at some designated future date.

 

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