A subaccount is an investment option within a variable annuity that can include a variety of financial instruments such as stocks, bonds, and mutual funds.
Variable annuities are investment vehicles that allow for the allocation of funds to sub-accounts, resulting in fluctuating returns based on market performance. They offer higher potential returns but come with increased risk and no guaranteed returns.
Hybrid annuities offer a mix of fixed and variable annuity benefits, providing guaranteed returns alongside the potential for higher gains.
A variable annuity is a type of life insurance where the value fluctuates with an underlying securities portfolio or index performance.
An in-depth look at variable annuities, understanding their mechanism, and how they differ from fixed annuities.
