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A variable annuity lets you choose how to invest the money you put into the account. These investments typically involve mutual funds, and the rate of return depends on the performance of the funds.
Of the total $385.4 billion in annuity sales in 2023, only about 13 percent came from variable annuities, marking its worst sales year ever recorded by LIMRA. Benefits of variable annuities
Fees: The fees associated with a variable annuity are higher than most annuities — and even other financial products — due to the underlying investments and more intricate contracts. You might ...
The Variable Annuity Life Insurance Company, or VALIC, a subsidiary of Corebridge Financial, Inc., (CRBG), is an insurance corporation that specializes in tax-qualified retirement plans, supplemental tax-deferred and after-tax investments. VALIC's headquarters are in Houston, Texas.
The L5P Duramax received an increase in horsepower and torque for the 2024 model year; 470 hp (350 kW) at 2,800 rpm and 975 lb⋅ft (1,322 N⋅m) at 1,600 rpm. Design specification performance can exceed 550 bhp (410 kW) at 3050 rpm and 1,050 lb⋅ft (1,424 N⋅m) at 1975 rpm.
In the United States, an annuity is a financial product which offers tax-deferred growth and which usually offers benefits such as an income for life. Typically these are offered as structured products that each state approves and regulates in which case they are designed using a mortality table and mainly guaranteed by a life insurer.
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