The Fundamental Purpose of a Variable Annuity Is to

question 2

Multiple Choice

The fundamental purpose of a variable annuity is to

• A)provide funding flexibility to the purchaser.
• B)provide a hedge against inflation.
• C)fund the purchase of cash value life insurance.
• D)guarantee a fixed-dollar benefit throughout retirement.

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Definitions:

Military

Pertains to the armed forces of a country, responsible for defending it against external threats and ensuring its sovereignty.

Society

refers to an organized group of people associated together for religious, benevolent, cultural, scientific, political, patriotic, or other purposes.

Open Door Notes

A series of U.S. policy statements that promoted equal opportunities for international trade in China in the late 19th and early 20th centuries.

Commercial Interests

Describes the business pursuits and ventures that aim at generating profit, particularly those involving trade and commerce.