Question: All the following statements concerning variable annuities are correct, EXCEPT: Variable annuities are designed to provide inflation protection for annuitants. In a variable annuity, the

All the following statements concerning variable annuities are correct, EXCEPT: Variable annuities are designed to provide inflation protection for annuitants. In a variable annuity, the tax treatment for partial surrenders is FIFO Variable annuity contracts do not include a guaranteed minimum interest rate. You will need a securities license to sell variable annuities

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