No. These are two different animals. There are variable life insurance policies as well as variable annuities. These are often tied to the results of certain type of mutual funds or stock indexes but they are separate contracts.
The definition of AXA Variable Annuity is a life insurance policy that give the option of market appreciation. It gives you a variety of investment options with your policy.
Variable annuity is good for a person looking for long term invesment options if they are wanting to retire in the future. It is a great option for that, but it may not be the best option for a life insurance policy. However, there are some reliable variable annuity life insurance companies like Valic.
To get variable annuity life insurance speak to you local insurance company. A lot of insurance companies now offer many types of insurance; car, life, renter's, etc. Metlife, Pacific Life, Mutual, and many others are examples of where you can get variable annuity life insurance.
Variable annuity insurance is insurance that has a variable year to year and it can change upon facts that change such as your base description of how you manage your life.
Annuity Life is a contract of insurance between you the buyer and the seller. Variable Annuity Life is a company that covers retirement groups for schools, colleges and Health care.
AIG
Its a Universal life insurance Policy.
The key difference between a life insurance policy and an annuity is their purpose: life insurance provides a death benefit to beneficiaries upon the policyholder's death, while an annuity provides a stream of income during the policyholder's lifetime or for a specified period.
Variable annuity is a life insurance plan where you make series of monthly payments or a lump sum. and in return the insurance company makes periodic payments to you immediately or in the near future.
The payout structure for an annuity life insurance policy involves regular payments made to the policyholder either for a set period or for the rest of their life, providing financial security and income.
The Variable Annuity Life Insurance Company (VALIC) sells life insurance as one of its many perks. The company is designed to help seniors plan for their futures in an all encompassing look into their finances and investments.
It's the Florida insurance license that allows you to sell Life Health and Variable Annuity insurance in Florida.