Bridget Started to Fund a Variable Annuity

question 48

Multiple Choice

Bridget started to fund a variable annuity.Three years later,she experienced financial difficulty.She called her agent and cancelled the contract.The insurer returned all but 4 percent of the account balance.The 4 percent kept by the insurer is a(n)

• A)account administration fee.
• B)investment management fee.
• C)front-end load.
• D)surrender charge.

---

Definitions:

Inner City

An urban area near the center of a city, often characterized by high density, deteriorating infrastructure, and social and economic challenges.

Prefer

To like, choose, or desire one thing over another, based on individual taste or judgment.

Existing Groups

Pre-established groups that have formed naturally or have been organized for a specific purpose prior to a study or intervention.

Cross-Generational Studies

Research investigations that compare different age groups over time to understand changes and continuities in behaviors, attitudes, or conditions across generations.