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LSDefine

Simple English definitions for legal terms

variable annuity

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A quick definition of variable annuity:

A variable annuity is a type of investment that pays out money to someone regularly, but the amount of money can change depending on how well the investments are doing. It's like a savings account that you can't touch until you retire, and you don't have to pay taxes on it until you take the money out. It's different from a fixed annuity, which pays out the same amount of money every time.

A more thorough explanation:

A variable annuity is a type of annuity that provides periodic payments to the recipient. The amount of these payments varies based on the performance of the underlying investments. This means that the value of the annuity can go up or down depending on how well the investments are doing.

Variable annuities are tax-deferred, which means that the recipient does not have to pay taxes on the income or investment gains until they withdraw the money. This can be an advantage for people who are looking to save for retirement or other long-term goals.

For example, let's say that John purchases a variable annuity with a starting value of $100,000. The annuity is invested in a mix of stocks, bonds, and other securities. Over the next few years, the value of the investments goes up and down. Some years, John receives larger payments from the annuity, while other years the payments are smaller. However, because the annuity is tax-deferred, John does not have to pay taxes on the income or investment gains until he withdraws the money.

Variable annuities are different from fixed annuities, which provide a set payment amount regardless of how the underlying investments perform.

Vance v. Terrazas | variable life insurance

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21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
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