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.

---

Definitions:

Louis XV

King of France from 1715 to 1774, known for his ineffective leadership and contributions to France’s financial difficulties and loss of colonies.

Centralization of Authority

The process or practice of consolidating control and decision-making power within a central organization, government, or leader, often at the expense of local autonomy.

Eastern Europe

Eastern Europe is the region of Europe situated east of Germany and Western Europe, often characterized by its historical ties to the Byzantine Empire, Orthodox Christianity, and the influence of the Ottoman Empire and Russia.

Western Europe

A region comprising the western part of Europe, often associated with Western culture, democratic governance, and a high standard of living.