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Glossary
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Death Benefit |
| The guarantee that if you should die before you convert your variable annuity into regular income payments (annuitize your contract), your annuity's beneficiaries will receive the higher of the account value or a different amount specified in the deferred annuity (such as the amount you contributed to the annuity, less withdrawals). In many variable annuities, the death benefit can increase over time. |
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Deferred Annuity |
| A type of personal retirement account that provides tax-deferred growth potential for long-term goals, such as retirement. When you are ready to receive income payments, the deferred annuity provides many choices, including guaranteed income for life. There are two types of deferred annuities: fixed and variable. |
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Diversification |
| A financial strategy to help reduce risk by spreading your assets across different asset classes, such as stocks and bonds, or across different types of securities within the same asset class. For example, you can diversify your stock holdings into stocks of different industries. |
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Dollar Cost Averaging |
| A financial strategy of making investments at regular intervals with a fixed dollar amount. A key benefit is that over time, your average per unit cost should be lower than either the market high or the average price. Dollar cost averaging does not guarantee a profit or protect against a loss. It involves continuous investment in securities regardless of fluctuating prices. You should consider your financial ability to continue purchases through periods of low price levels. |
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Annuity Quotes :
Annuity Quotes are available for
Alabama
, Alaska
, Arizona
, Arkansas
, California
, Colorado
, Connecticut
, Delaware
, District of Columbia
, Florida
, Georgia
, Hawaii
, Idaho
, Illinois
, Indiana
, Iowa
, Kansas
, Kentucky
, Louisiana
, Maine
, Maryland
, Massachusetts
, Michigan
, Minnesota
, Mississippi
, Missouri
, Montana
, Nebraska
, Nevada
, New Hampshire
, New Jersey
, New Mexico
, New York
, North Carolina
, North Dakota
, Ohio
, Oklahoma
, Oregon
, Pennsylvania
, Puerto Rico
, Rhode Island
, South Carolina
, South Dakota
, Tennessee
, Texas
, Utah
, Vermont
, Virginia
, Washington
, West Virginia
, Wisconsin
, Wyoming
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