Which of the Following Is a Charge You Will Pay

question 48

Multiple Choice

Which of the following is a charge you will pay when you purchase a variable annuity?

• A) Surrender charge.
• B) Mortality and expense risk charge.
• C) Administrative fee.
• D) Fund expense.
• E) All of these.

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Definitions:

Optimum Performance

The highest level of efficiency and effectiveness that an individual or organization can achieve under specified conditions.

Year-to-Year Comparison

An analysis method comparing financial or operational performance of a company between two or more consecutive years to assess growth or decline.

Barriers to Entry

Obstacles that make it difficult for a new competitor to enter a market.

Mature Industry

An industry that has experienced long-term growth and is characterized by stability, a slow rate of growth, and fewer opportunities for new entrants.