Which of the following statements are TRUE regarding the "AIR" stated in a variable annuity prospectus?

Which of the following statements are TRUE regarding the "AIR" stated in a variable annuity prospectus?


I The AIR is an aggressive illustration of an interest rate for the annuity

II The AIR is a conservative illustration of an interest rate for the annuity

III The AIR is the minimum guaranteed rate of return

IV The AIR is not a guaranteed rate of return



A. I and III

B. I and IV

C. II and III

D. II and IV


Answer: D.

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