Question: Although both fixed and variable annuities can provide lifetime income to annuitants, they differ in important ways. Compare and contrast (1) a fixed annuity with

Although both fixed and variable annuities can provide lifetime income to annuitants, they differ in important ways. Compare and contrast (1) a fixed annuity with (2) a variable annuity with respect to each of the following:

a. Determining how the premiums are invested b. Stability of income payments after retirement c. Death benefits if the annuitant dies before retirement

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