What Are Variable Annuities? 
The amount of money deposited with a company can be handled in a variety of ways . The basic annuity provides guarantees . The annuitant doesnt get involved with the annuity once it commences . At the other end of the spectrum is a variable annuity . In a variable annuity the annuitant can maintain control over the investments that underlie the annuity . This might result in frequent shifts in the value of the annuity and in the monthly payments being made . 