If an annuity plan is designed so that the monthly payment is adjusted by the actual investment experience of the insurer, it is a(n)----variable annuity
What is an annuity?
An annuity is a contract between an individual and an insurance company. The annuitant agrees to pay the insurance company a single payment or a series of payments, and the insurance company agrees to pay the annuitant an income, starting immediately or at a later date, for a specified time period.
What is variable annuity?
A variable annuity is a contract between you and an insurance company, under which the insurer agrees to make periodic pay- ments to you, beginning either immediately or at some future date.
Learn more about variable annuity:
brainly.com/question/17255472
#SPJ4