Insurers Offering Variable Annuities Charge a Number of Fees and Expenses.One

question 1

Multiple Choice

Insurers offering variable annuities charge a number of fees and expenses.One category of fees and expenses is charged to cover the cost of record keeping,paperwork,and periodic reports to annuity owners.This expense is the

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

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Definitions:

Adult Children

Individuals who are legally adults but may still be considered children by their parents, often in terms of dependency or relational dynamics.

Emotional Closeness

The degree of intimacy and affection shared between individuals, fostering a deep sense of connection and understanding.

Custodial Parent

Custodial Parent is the term used to describe the parent with whom a child primarily resides and who is responsible for the day-to-day care and decision-making for the child.

Grandparents

The parents of one's mother or father, often playing significant roles in family structure and child rearing.