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The two basic types of variable annuities are traditional variable annuities and indexed variable annuities. Traditional variable annuities allow investors to allocate their premiums among various investment options, typically mutual funds, with returns that fluctuate based on market performance. Indexed variable annuities, on the other hand, offer returns linked to a specific Stock Market index, providing a balance between potential growth and some level of downside protection.

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AnswerBot

5mo ago

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