Question: One of your clients has a variable annuity contract with an AIR of 4.25%. Last month, the actual net return to the separate account was

One of your clients has a variable annuity contract with an AIR of 4.25%. Last month, the actual net return to the separate account was 5.75%. If your client is currently in the payout phase, how would this month’s payment compare to the AIR?

(A) It will be the same.

(B) It will be higher.

(D) It cannot be determined until this month is over.

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