C-SHARE VARIABLE ANNUITIES A form of variable annuity contract where the contract holder pays no sales up front or surrender charges. Owners can claim full liquidity at any time. CAPACITY The supply of insurance available to meet demand. Capacity depends…

B-SHARE VARIABLE ANNUITY A form of variable annuity contract with no initial sales charge but if the contract is cancelled the holder pays deferred sales charges (usually from 5 to 7 percent the first year, declining to zero after from…

A-SHARE VARIABLE ANNUITY A form of variable annuity contract where the contract holder pays sales charges up front rather than eventually having to pay a surrender charge. ACCELERATED DEATH BENEFITS A benefit that can be attached to a life insurance…