Fixed Annuities Have Become Much More Popular Than Variable Annuities

question 212

True/False

Fixed annuities have become much more popular than variable annuities.

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Definitions:

Cannibalization

A reduction in sales volume or market share of a company’s existing product due to the introduction of a new product made by the same company.

Product-line Extensions

The introduction of new products to an existing product line, usually related to the current products but targeted to meet different customer needs or preferences.

Sales of Existing

Transactions involving goods or assets that are not new but have been previously owned or used.

Product Line

A group of related products marketed by the same firm.