Question: Q6. An equity-indexed annuity and a variable annuity are both similar and different in many respects. a. Explain the major similarities between an equity-indexed annuity

Q6. An equity-indexed annuity and a variable annuity are both similar and different in many respects. a. Explain the major similarities between an equity-indexed annuity and a variable annuity. b. Identify the major differences between an equity-indexed annuity and a variable annuity

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