Respuesta :
The performance of a variable annuity exists connected to the performance of the separate account. The insurance company's general account backs the company's fixed annuities and traditional (guaranteed) insurance products.
What is meant by insurance?
Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If you don't have insurance and an accident occurs, you can be liable for all expenses.
Anyone trying to safeguard their family, possessions, and themselves from financial risk or losses can find insurance programmes to be helpful: Plans for insurance will assist you in paying for future medical care, hospitalization, contracting any illnesses, and treatment. By minimizing loss through services and/or cash compensation, insurance is essential in helping people overcome their anxiety of experiencing an unexpected bad luck.
Hence, The performance of a variable annuity exists connected to the performance of the separate account. The insurance company's general account backs the company's fixed annuities and traditional (guaranteed) insurance products.
To learn more about insurance refer to:
https://brainly.com/question/26285319
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