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Annuities are contracts between you and an insurance company that can provide a unique combination of insurance and investment features. Annuities complement other retirement plans and, depending … An annuity is an insurance contract issued by an insurance company and is designed to provide guaranteed or fixed income during retirement.
Deferred variable annuities are long-term vehicles designed for retirement purposes and contain underlying investment portfolios that are subject to investment risk, including possible loss of principal.
