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Business & Finance
Annuities
Retirement Planning

What is book-value fixed annuity?

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Wiki User
July 03, 2008 10:35PM

Book value fixed annuities pay a declared rate of interest for a specified period. No market value adjustment (MVA) is imposed if the holder withdraws assets before the end of the contract term. MVA products also pay a declared rate of interest for a specified period, and do impose such an adjustment.