Question: 2. An equity-indexed annuity and a variable annuity are both similar and different in many respects. a. Explain the major similarities between an equity-indexed annuity

2. An equity-indexed annuity and a variable annuity are both similar and different in many respects.

a. Explain the major similarities between an equity-indexed annuity and a variable annuity.

b. Identify the major differences between an equity-indexed annuity and a variable annuity.

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