Question: All of the following are true of variable annuities, except: A Funds from variable annuities are kept in accounts that are separate from the insurance

All of the following are true of variable annuities, except:
A
Funds from variable annuities are kept in accounts that are separate from the insurance company's general account
A variable annuity has two phases; accumulation and annuitization
Typically a customer makes contributions into a variable annuity with after-tax dollars
Variable annuities are not subject to regulations by both SEC and FINRA because they are only considered to be insurance products
All of the following are true of variable

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