What Does Group Annuities - Deferred Non- Variable and Variable Mean?

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What does Group Annuities - Deferred Non- Variable and Variable mean? Read on to discover the definition & meaning of the term Group Annuities - Deferred Non- Variable and Variable - to help you better understand the language used in insurance policies.

Group Annuities - Deferred Non- Variable and Variable

Group Annuities - Deferred Non- Variable and Variable

Variable and Variable - an annuity contract that provides an accumulation based on both (1) funds that accumulate based on a guaranteed crediting interest rates or additional interest rate applied to designated considerations, and (2) funds where the accumulation vary in accordance with the rate of return of the underlying investment portfolio selected by the policyholder. The contract provides for the initiation of payments at some designated future date.

We hope the you have a better understanding of the meaning of Group Annuities - Deferred Non- Variable and Variable.

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