Which of the Following Statements About Variable Annuities Is True

question 44

Multiple Choice

Which of the following statements about variable annuities is true?

• A)The periodic payments received by the annuitant are fixed.
• B)Variable annuities typically provide a guaranteed death benefit payable to a beneficiary if the annuitant dies prior to retirement.
• C)Insurers offering variable annuities are not permitted to charge administrative fees.
• D)Although the value of annuity units fluctuates,accumulation units have a fixed value.

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Definitions:

Categorical Variable

A variable that can take on values that are names or labels, representing discrete categories or groups.

Scatterplot

A type of graph used in statistics to display values for typically two variables for a set of data, allowing for the observation of relationships.

Cases

Instances or occurrences of a particular disease or condition being studied.

Measured Variables

Variables in an experiment or observational study that are quantified or recorded by the researcher.