Annuities

Fixed

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Terms in this set (4)

Guar by Gen Acct, and grows tax deferred

Uses separate account, not guaranteed, need life & securities licenses

grows by S&P 500 index, chance high returns

Market value adjusted

interest adjusted if bonds inside annuity surrendered early.
All growth tax-deferred
Contingent Deferred SC (backend) early surrender
Owner (not annuitant) controls all changes