All of the Following Statements About Variable Annuities Are True

question 1

Multiple Choice

All of the following statements about variable annuities are true EXCEPT

• A)The periodic payments received by the annuitant fluctuate.
• 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 charge a variety of fees and expenses.
• D)Although the value of annuity units fluctuates,accumulation units have a fixed value.

---

Definitions:

20 Years

A period of two decades, often referenced in the context of time-specific achievements, developments, or commitments.

Patent

A legal right granted to an inventor that excludes others from making, using, selling, or importing the patented invention without permission.

2 Years

A common timeframe used in business planning and projections to evaluate performance and milestones.

Sole Proprietorship

A business structure where an individual owner operates the company and is personally responsible for its debts.