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Agencies :: Variable Annuities
The premium used to purchase a variable annuity is invested in a subaccount, also commonly referred to as an investment option.
The subaccount's assets are separate from issuing company's general account. The assets in the subaccount are used to purchase securities such as stocks and bonds, and the value of the subaccount fluctuates based upon the performance of those investments.
Individual subaccounts have investment objectives similar to mutual funds, and offer the same opportunities for diversification and professional money management.
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