The Primary Difference Between Fixed and Variable Annuities Is That

question 67

Multiple Choice

The primary difference between fixed and variable annuities is that

• A)variable annuities have variable monthly payments during the accumulation period.
• B)the investment return on fixed annuities doesn't change.
• C)the value of the variable annuity can both increase and decrease.
• D)the annuity starting date can be changed for the variable annuity.

Recognize the impact of yield curve predictions on bond returns.

Understand the basis and importance of swaps in bond portfolio management.

Calculate the effect of changing interest rates on bond durations and prices.

Grasp the implications of duration and convexity in real investment scenarios.

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