Question: Explain how buying a variable annuity is much like investing
Explain how buying a variable annuity is much like investing in a mutual fund. Do you, as a buyer, have any control over the amount of investment risk to which you’re exposed in a variable annuity contract? Explain.
Answer to relevant QuestionsBriefly explain why annuities are a type of tax-sheltered investment. Do you have to give up anything to obtain this tax-favored treatment? What are the main differences between fixed and variable annuities? Which type is more appropriate for someone who is 60 years old and close to retirement?Describe the basic clauses normally included in a will and the requirements regarding who may make a valid will.What is a living (inter vivos) trust? Distinguish between a revocable living trust and an irrevocable living trust.State the topics you would cover in your ethical will. Would you consider recording it digitally?
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