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A variable annuity: O pays a fixed dollar amount for a variable length of time a O is typically cheaper than a comparable fixed annuity

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A variable annuity: O pays a fixed dollar amount for a variable length of time a O is typically cheaper than a comparable fixed annuity overcomes the problem of inflation and the loss of purchasing power O accepts variable amounts of deposits on a periodic basis during the accumulation period O pays an annuity to a variable number of people

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