Simply reading the variable contract aloud, word for word, is impractical, and most customers would later say, "He lost me after the first paragraph.
What does VC stand for?
VC stands for Variable Contract
This definition appears frequently and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of VC
We have 47 other meanings of VC in our Acronym Attic
- Value City (department store)
- Van Cleef (The Deadmines, World of Warcraft Dungeon)
- VanCleef (gaming, World of Warcraft)
- Vancouver Canucks (hockey)
- Vancouver College
- Vanessa Carlton (singer)
- Vanier College
- Vanilla Coke
- Vaporizer Concentrate
- Variable Combo (gaming)
Samples in periodicals archive:
That section states that the Commission [SEC] shall treat as an exempt security under Section 3(a)(8) of the 1933 act "any insurance or endowment policy or annuity contract or optional annuity contract" that isn't a variable contract and that, if issued on or after June 16, 2013, is issued by an insurer that has adopted suitability rules at least as stringent at the NAIC Suitability in Annuity Transaction Model Reg #275 of 2010 and any successor thereto.
Some purchasers believe making their own selections within their variable contract makes financial sense for them.
Lorence is a Certified Financial Planner[TM] and has Series 4, 7, 24, 51, 63, 65 Life/Health and Variable Contracts licenses.
Annuities--either variable contracts with living benefits or income annuities--are the only products, with the exception of bond ladders, that offer the kind of financial assurances that will let your clients sleep easily at night.
Shares of the Portfolios are offered only to participating insurance companies and their separate accounts to fund the benefits of Variable Contracts, and to qualified pension and retirement plans and registered and unregistered separate accounts.
But the port issue could wreck positive and lucrative plans for the docks, because investment banks will not back projects held together by limited or variable contracts.