What is Variable Annuity? | SIE, SERIES6, SERIES7, LIFE-HEALTH Exam Prep

A variable annuity is an insurance contract where payouts depend on the performance of underlying investments chosen by the contract owner, offering growth potential with market risk. 📚 Learn more about Variable Annuity and other key terms for your SIE, SERIES6, SERIES7, LIFE-HEALTH exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES6, SERIES7, LIFE-HEALTH 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Variable Annuity definition: https://www.open-exam-prep.com/glossary/variable-annuity 💡 Exam Tip: Variable annuity = SECURITIES (needs Series 6 or 7). Separate account = investor bears risk. --- #insurance #examprep #financeexam #sie #series6 #series7 #life-health