Which of the Following Statements Is (Are) True with Respect

question 12

Multiple Choice

Which of the following statements is (are) true with respect to an equity-indexed annuity?
I.The maximum percentage gain is usually capped.
II.There is no downside protection against loss of principal if the annuity is held to term.

• A) I only
• B) II only
• C) both I and II
• D) neither I nor II

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