Insurers Offering Variable Annuities Charge a Number of Expenses

question 23

Multiple Choice

Insurers offering variable annuities charge a number of expenses.One category of expenses is to pay the fund manager and to pay brokerage fees.This expense is the

• A)investment management charge.
• B)administrative charge.
• C)surrender charge.
• D)front-end load.

Know the potential consequences and recovery actions for defaulting on U.S. Department of Education loans.

Recognize the specific conditions under which educational loans may be canceled or discharged.

Understand the legal mechanisms, such as garnishment, liens, and revocation of professional licenses, used to enforce debt obligations.

Learn about the significance and functionality of financial instruments in education financing.

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Definitions:

Normal Return

A benchmark profit level that represents sufficient compensation for an entrepreneur or business to cover the opportunity cost of capital and labor, without generating economic profit.

Economic Profit

The difference between total monetary revenue and total costs, including both explicit and implicit costs.

Regulatory Agency

A government body responsible for enforcing laws and regulations to protect public interest in specific sectors, such as healthcare, finance, and the environment.

Profit Maximized

The point at which a company achieves its highest level of profit through the optimal balance of cost and revenue.