Which of the following is true regarding a market value adjusted annuity?
Which of the following is true regarding a market value adjusted annuity?
A. It provides a level benefit payment
B. The owner is guaranteed a fixed interest rate for a specific period of time
C. The insurer bears all the market risk of changing interest rates
D. There are no penalties for a premature surrender of the annuity
Answer: B. The owner is guaranteed a fixed interest rate for a specific period of time
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