Question: Choose the CORRECT statement regarding annuities. A . All distributions will be subject to income tax in the year received. B . The exclusion ratio

Choose the CORRECT statement regarding annuities.
A. All distributions will be subject to income tax in the year received.
B. The exclusion ratio applies to all periodic payments from an annuity.
C. Because only insurance companies issue variable annuities, they are not considered securities.
D. Annuitants may start distributions from an annuity before age 5912 without incurring tax penalties.
Choose the CORRECT statement regarding annuities. A. All distributions will be

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