Which of the following allows an individual to receive an amount of income that will change based on the income received from stocks or other investments over a certain period of time, or over his or her life?

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A variable annuity is designed to allow an individual to receive an amount of income that will change based on the income received from stocks or other investments over a certain period of time, or over his or her life. The amount of income is not guaranteed and can fluctuate based on investment performance. The other options, such as fixed annuity, term insurance, whole life insurance, and 401(k), do not provide income that changes based on investment performance.

Which of the Following Allows an Individual to Receive an Amount