A flexible premium deferred annuity permits all of the following EXCEPT:

Insurance

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A flexible premium deferred annuity permits all of the following EXCEPT:

A

Scheduled and unscheduled additions of principal at any time prior to annuitization

B

Limited partial surrenders each year not subject to a surrender charge

C

Payments to the annuitant beginning within one month of the issuance of the contract

D

Annuitization at any time. A deferred annuity may not be annuitized as long as there is a surrender charge applicable to the principal value

Answer: C

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