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Variable Annuity

       Variable annuities differ from fixed annuities in that contract owners direct the distribution of their money among several different accounts and their accumulated funds reflect the experience of those accounts rather than that of the company.   Typical account choices are: common stock, bond, mortgage or money-market accounts.   If the value of the accounts increases or decreases, so will the amount accumulated.

  Source: California Department of Insurance


 
 
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