Question: Shelly's variable annuity has a mortality and expense risk charge at an annual rate of 2.25 percent of account value. Her account value during the
Shelly's variable annuity has a mortality and expense risk charge at an annual rate of 2.25 percent of account value. Her account value during the year is $90,000. What was Shelly's mortality and expense risk charge for the year?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
