Question 1022 of 287 · Texas Life, Accident and Health Agent Exam
Which annuity credits interest at a rate guaranteed by the insurer, with the insurer bearing the investment risk?
Exactly one answer is correct.
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Correct answer to question 1022
- B: Fixed annuity
Explanation
A fixed annuity is backed by the insurer's general account and pays a declared rate with a guaranteed minimum. In a variable annuity the contract owner takes the investment risk.
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