Which of the Following Statements About Variable Annuities Is True

question 44

Multiple Choice

Which of the following statements about variable annuities is true?

• A)The periodic payments received by the annuitant are fixed.
• B)Variable annuities typically provide a guaranteed death benefit payable to a beneficiary if the annuitant dies prior to retirement.
• C)Insurers offering variable annuities are not permitted to charge administrative fees.
• D)Although the value of annuity units fluctuates,accumulation units have a fixed value.

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Definitions:

Charged Criminally

The formal accusation made against an individual by a governmental authority asserting that the individual has committed a crime.

Jury Trial

A legal proceeding where a jury made up of citizens determines the outcome of a case.

Double Jeopardy

The legal principle that prohibits an individual from being tried twice for the same crime in the same jurisdiction.

Provincial Court

A lower level court in Canada that handles less serious criminal offenses, family law (excluding divorce), and small claims.