Investments glossary

L Share Annuity Class

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Quotes of the day:

I, on the other hand, have a degree from the University of Life, a diploma from the School of Hard Knocks, and three gold stars from the Kindergarten of Getting the Shit Kicked Out of Me.

— Captain Edmund Blackadder, Blackadder Goes Forth

The L share annuity class is a version of a variable annuity that starts paying out earlier than most but has relatively high administrative costs. It is designed for investors who want to be able to begin withdrawing funds from an account after a comparatively short period of time. Other share classes offered by variable annuities are A share, B share, C share, O share, and X share annuity classes.

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