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What distinguishes fixed annuities from variable annuities?
  • a)
    Fixed annuities provide regular periodic payments.
  • b)
    Variable annuities offer guaranteed cash flows.
  • c)
    Fixed annuities allow the annuitant to invest in the stock market.
  • d)
    Variable annuities have a fixed surrender period.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What distinguishes fixed annuities from variable annuities?a)Fixed ann...
Fixed annuities offer stable and regular periodic payments to the annuitant, while variable annuities allow the annuitant to invest in the stock market, resulting in potentially varying cash flows based on the performance of the underlying investments.
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