Why Buy A Variable Annuity? 
A variable annuity allows a person to have the advantages of an annuity , lifetime income , estate planning etc. while retaining the ability to direct the investments that form the value of the annuity . In a variable annuity the owner has the right to allocate contributions into various funds by personal preference . The owner also frequently has the right to shift funds from time to time with all of the money remaining in a tax deferred policy . 