Question 1023 of 287 · Texas Life, Accident and Health Agent Exam
In a deferred annuity, annuity units are used in which kind of contract during the payout phase?
Exactly one answer is correct.
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Correct answer to question 1023
- A: Variable annuity
Explanation
Variable annuities convert accumulation units to annuity units at annuitization, and the payment amount varies with the account performance. Fixed annuities pay a set dollar amount.
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