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Variable Annuity
A form of annuity contract, sold by life insurance companies, that allows the contract owner to select the investment funds and assume the investment risk. Variable annuities guarantee a payment; however, the amount of the payout will vary according to the performance of the underlying funds.

Variable Life Insurance
A type of whole life product in which the death benefit and the cash value change according to the investment performance of the underlying funds.


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Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (800) 369-2862. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America. The Representative may also be a credit union employee that accepts deposits on behalf of the financial institution.


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