Question: Ebony purchased a deferred variable annuity with a Guaranteed Minimum Accumulation Benefit. Immediately after purchasing the annuity, her accumulated value began declining, and she now

Ebony purchased a deferred variable annuity with a Guaranteed Minimum Accumulation Benefit. Immediately after purchasing the annuity, her accumulated value began declining, and she now wants to surrender her contract under the GMAB. How soon after purchasing the deferred variable annuity may she exercise her guarantee under the rider?

Answers

Immediately

After

5

years

After

10

years

After

20

years

Ebony purchased a deferred variable annuity with

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