Home > Glossary > Variable Annuity

Variable Annuity

In contrast to a fixed annuity, the key features of a variable annuity can fluctuate (they are “variable”) during the accumulation period and during the payout phase. Also in contrast to a fixed annuity, the variable annuity contract holder assumes much of the investment risk. With a variable annuity, the insurance company provides the contract holder with the ability to determine how his or her premiums are invested. One investment option is a variable account which typically consists of equity, bond or money market mutual funds. The other option is the general account of a variable annuity which provides a guaranteed return. The contract holder decides how much risk or variability they want to tolerate by allocating premium payments among the general and variable accounts. The amount of money accumulated and the amount of income during the payout phase are determined by the returns of these accounts. With a variable annuity: 1) the money can go in as a single premium payment or a series of payments; 2) the money is invested at a variable or non guaranteed rate; 3) payments are variable and can begin immediately or at some future date.

Prudential Premier Variable Annuities for NY only B Series

Also see the product listing for Prudential Premier Variable Annuities for NY only L Series.

Also see the product listing for Prudential Premier Variable Annuities for NY only X Series.

Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity
Company Offering: 
Prudential
Web Site: 
-
Phone Number: 
1-888-778-2888
Surrender Fees: 
7%
6%
5%
4%
3%
2%
1%
0%
Variable Annuity Fields
Minimum Premium Payment: 
1000
Maximum Premium Payment: 
1000000
Maximum Age at Start of Contract: 
85 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
3%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$30
Minimum Investment Management Fee: 
1%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
76
Maximum Number of Concurrent Investment Options: 
76
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
10
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
7%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity

Prudential Premier Variable Annuities B Series

Also see product listings for Prudential Premier Variable Annuities L Series.

Also see product listings for Prudential Premier Variable Annuities X Series.

Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity
Company Offering: 
Prudential
Web Site: 
-
Phone Number: 
1-888-778-2888
Surrender Fees: 
7%
7%
7%
6%
6%
5%
5%
5%
Variable Annuity Fields
Minimum Premium Payment: 
1000
Maximum Premium Payment: 
1000000
Minimum Additional Premium Payment: 
100
Maximum Age at Start of Contract: 
85 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
3%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$35
Minimum Investment Management Fee: 
1%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
76
Maximum Number of Concurrent Investment Options: 
76
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
10
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
7%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity

Phoenix Investor's Edge

Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity
Company Offering: 
Phoenix
Web Site: 
-
Phone Number: 
1-800-541-0171
Surrender Fees: 
8%
7%
7%
6%
0%
Variable Annuity Fields
Minimum Premium Payment: 
10000
Maximum Premium Payment: 
1000000
Minimum Additional Premium Payment: 
500
Maximum Age at Start of Contract: 
86 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
6%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
2%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
2%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$35
Minimum Investment Management Fee: 
0%
Maximum Investment Management Fee: 
4%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
65
Maximum Number of Concurrent Investment Options: 
65
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
10
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
8%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity

Thrivent Financial Single Premium Immediate Variable Annuity (SPIVA)

Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity
Company Offering: 
Thrivent
Web Site: 
-
Phone Number: 
800-847-4836
Variable Annuity Fields
Minimum Premium Payment: 
5000
Maximum Premium Payment: 
1000000
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
6%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$0
Minimum Investment Management Fee: 
0%
Maximum Investment Management Fee: 
5%
Total Number of Investment Options: 
41
Maximum Number of Concurrent Investment Options: 
40
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
100
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
2%
Commissions (Minimum): 
0%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity

Retirement Planner Variable Annuity

Annuity Product Types: 
Variable Annuity
Key Phrases: 
Retirement
Glossary: 
Annuity
Variable Annuity
Company Offering: 
Penn Mutual
Web Site: 
-
Phone Number: 
1-800-523-0650
Surrender Fees: 
7%
6%
5%
4%
4%
3%
3%
2%
2%
1%
0%
Variable Annuity Fields
Minimum Premium Payment: 
250
Maximum Premium Payment: 
5000000
Minimum Additional Premium Payment: 
50
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
3%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$30
Minimum Investment Management Fee: 
0%
Maximum Investment Management Fee: 
2%
Total Number of Investment Options: 
29
Maximum Number of Concurrent Investment Options: 
29
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Loans Allowed: 
Yes
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
6%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Key Phrases: 
Retirement
Annuity Product Types: 
Variable Annuity

Pages

Advertisement

Trending Now

Follow Us

Twitter icon
Facebook icon
LinkedIn icon

Latest Tweets

America’s retirement crisis could cost federal and state governments an estimated $1.3 trillion by 2040, according… https://t.co/c44NV5mqxb — 2 years 4 months ago
RT @HiddenValueGems: I rarely pay attention to macro forecasts. I’d rather spend time looking for great businesses selling cheap. However,… — 2 years 4 months ago
Copyright 2008-2024, Annuity Digest. All rights reserved | Terms of Use | Privacy Policy