Variable Annuity - Charges and Riders: Part 2 Variable Annuity Charges These charges will reduce the value of your account and the return on your investment Surrender Charges: If you withdraw money from a variable annuity within a certain period after a purchase payment (typically within six to eig...

Variable Annuity: A Comprehensive Guide - Part 1 Define Variable Annuity A variable annuity is a contract between policyholder and an insurance company under which the insurer agrees to make periodic payments to you, beginning either immediately or at some future date. You purchase a variable annui...