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Prior to about 1997, principal protection under variable annuity contracts was offered only in the case of death. In 1997 the first Guaranteed Minimum Income

If a contract owner dies in the accumulation phase, a deferred annuity contract will, at a minimum, pay the accumulation value to a named beneficiary.

A variable annuity, while not designed as an estate planning tool, does offer some benefits in this area. An annuity avoids probate, provides flexibility when

An annuity is a contract between you and an insurance company in which the company promises to make periodic payments to you, starting immediately or

Like many products available in life, annuities are not something you have to buy or invest in, but are an attractive option for someone seeking

B-Share Variable Annuities Most variable annuity contracts are B-share products. They are offered with no initial sales charge, but cancellation of the contract during its