Investment VehiclesPregunta 84 de 100
A variable annuity's separate account value during the accumulation phase:
a.Fluctuates with the performance of the underlying investment subaccounts
b.Is guaranteed by the insurer at a fixed rate
c.Is insured by the FDIC
d.Cannot lose value
Explicación
In a variable annuity, contributions are allocated to subaccounts whose value rises and falls with market performance, so the investor bears the investment risk. Unlike a fixed annuity, there is no guaranteed accumulation rate. It is a security because of this investment risk.
Practica las 100 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- A closed-end fund's shares:
- A call option gives the holder the right to:
- A put option is generally used by an investor who:
- A fixed annuity is characterized by:
- A real estate investment trust (REIT) that qualifies for favorable tax treatment must generally:
- An investor seeking exposure to a diversified basket of bonds with professional management and daily liquidity would MOST likely choose:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con NASAA Series 66 Uniform Combined State Law Exam · Cómo revisamos