What Type Of Annuity Typically Utilizes Mutual Funds?

A variable annuity typically utilizes mutual funds. An annuity pays income on a regular basis, usually monthly, to the holders. With a variable annuity, money is invested in subaccounts. Similar to mutual funds, they are investments that participate directly in whatever the investment is. Variable annuities can go down or up depending on the stock, bond, or financial markets.