The amount that is ultimately paid out to the insured varies with the investment results obtained by the insurance company.

The insurance company safeguards the principal and agrees to a minimum interest rate over the life of the contract.

The purchaser receives a specified amount of income for life, without regard to the distribution period and with the contract terminating upon death.

This type of contrect allows cash benefits to be stretched for several years.

This is the fund available to the purchasers beneficiaries.