Question: 1 . How does an annuity differ from life insurance? 2 . Describe the major characteristics of a fixed annuity. 3 . Identify the annuity

1. How does an annuity differ from life insurance?
2. Describe the major characteristics of a fixed annuity.
3. Identify the annuity settlement options that are typically found in a fixed annuity.
4. Describe the basic characteristics of a variable annuity.

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