Zip Code   

Insurance Definition: B-SHARE VARIABLE ANNUITY

category:

B-SHARE VARIABLE ANNUITY:

Definition:

  • A form of variable annuity contract with no initial sales charge but if the contract is cancelled the holder pays deferred sales charges (usually from 5 to 7 percent the first year, declining to zero after from 5 to 7 years). The most common form of annuity contract.

Information provided by Insurance Information Institute