Which of the following statements regarding a variable annuity is TRUE?
A) The amount of the annuity benefit payments is guaranteed.
B) The investment risk is borne by the annuitant/contract owner.
C) The value of the amount of the annuity over the life of the accumulation period is guaranteed.
D) The rate of return credited to the separate account is guaranteed.
Ans: B) The investment risk is borne by the annuitant/contract owner.
Business
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