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800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. ... usually lasting only 10 days after receiving your contract in most states. Variable annuities are regulated at the federal level.
Variable annuities are regulated both by the individual states (as insurance products) and by the Securities and Exchange Commission (as securities under the federal securities laws). The SEC requires that all of the charges under variable annuities be described in great detail in the prospectus that is offered to each variable annuity customer.
At its core, a variable annuity is designed to provide a steady stream of income during retirement. But these financial products are more complex, costlier and riskier than other types of ...
A variable annuity is a contract between you and an insurance company in which the insurer agrees to make periodic payments. These may begin either immediately or at some future date.
In the United States, fixed annuities are not regulated by the Securities and Exchange Commission. [citation needed] Variable annuities – Registered products that are regulated by the SEC in the United States of America. They allow direct investment into various funds that are specially created for Variable annuities.
Traditional fixed annuities are regulated by state insurance departments and sold through insurance agents, banks, or registered representatives.Fixed annuities pursuant to state insurance law must provide a minimum rate of interest as provided in the annuity policy. [2]
Selling variable annuities demands a comprehensive understanding of the product. And depending on the type of annuity, you may need to get a state insurance license, in addition to a Series 6 or ...
Variable universal life insurance (often shortened to VUL) is a type of life insurance that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds, and the choice of which of the available separate accounts to use is entirely up to the contract owner.