Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Elder Law
Variable Annuities, Variable Insurance And Separate Accounts, Tamar Frankel
Variable Annuities, Variable Insurance And Separate Accounts, Tamar Frankel
Faculty Scholarship
The variable annuity is a novel retirement plan. It was devised to minimize the inadequacies of a fixed-dollar annuity as a retirement device. Inflation and an accelerating standard of living have left persons receiving fixed-dollar annuities with only a fraction of the income required to meet their needs.