Understanding $1035$ Exchanges, $2$nd Edition Certification Exam

Question #$25$ of $50$

In a Section $1035$ exchange, regulators would be most concerned about

A$)$ a retiree with fixed income limitations exchanging a fixed annuity for a variable contract

B$)$ a $30-$year$-$old exchanging a fixed annuity for a variable annuity

C$)$ a retiree with adequate income and a moderate threshold for risk exchanging a variable annuity for one based upon a general account

D$)$ a retiree with limited resources exchanging a fixed annuity for an annuity with funds invested in a general account