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What is the Difference Between Fixed Annuities vs. Variable Annuities?

Annuities are defined as being a contract that is between an individual and an insurance company. An annuity contract can provide a set stream of retirement income to the person on whose life it is based - who is also known as the annuitant - and that is in return for either a lump sum premium payment, or periodic premium payments over time.

Topics: Annuities