Which would be incorrect regarding a Variable Annuity? - ProProfs
     

Which would be incorrect regarding a Variable Annuity?



A. Upon annuitization, the accumaltion units are converted to annuity units. The income is paid based on the valueof the units.
B. The contract owner bears the investment risk and recieves the return actually earned on invested assets, less any charges assesses by the insurer.
C. Premiums paid during the accumlation period are invested in a seperate account(s).
D. The number of annuity units recieved, and the unit value, remain level.

This question is part of Chapter 14 Annuities

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1 Answer

CITC

CITC

Answered on Nov 08, 2017

The number of annuity units recieved, and the unit value, remain level.

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