Fundamentals of Variable
Life and Annuity Contracts

February 14, 2012

General Information

Summary: In recent years, the variable annuity contract and variable life insurance have been among the fastest-growing products sold by the financial services professional. Basically, the variable products combine the attributes of the traditional products with mutual-fund type investments. These pages discuss variable annuities and life insurance in general terms. Since these products are likely to continue to play an important role in the financial services industry of the future, even producers who have not committed to offering these products will want to be familiar with their attributes.

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