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Investments glossary

L Share Annuity Class


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— Moliere

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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