In Contrast to Mutual Funds, Variable Annuity

question 45

Multiple Choice

In contrast to mutual funds, Variable Annuity:

• A) Offers less investment choices
• B) Has higher investment and insurance-related expenses
• C) Is less tax-savvy
• D) Is more risky

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Definitions:

Northern Women

Refers to women living in the northern United States, historically known for their roles in abolition and women's rights movements.

Southern Women

Women who lived in the Southern United States, known for their unique societal roles and challenges, especially during the 19th and early 20th centuries.

Emancipation Proclamation

An executive order issued by President Abraham Lincoln on January 1, 1863, that declared all slaves in Confederate-controlled territory to be permanently free.

Moral Document

A term often describing budgets or financial plans that reflect the values and priorities of a government or organization.