K owns a variable annuity with an assumed interest rate of 4%. If the actual performance of the separate account(s) is 5%, the effect on this month’s income benefit check will be (the) ______:

Insurance

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K owns a variable annuity with an assumed interest rate of 4%. If the actual performance of the separate account(s) is 5%, the effect on this month’s income benefit check will be (the) ______:

A

It all depends on the separate account(s) selected

B

Same

C

Higher

D

Lower

Answer: C

You should now have gotten the answer to your question “K owns a variable annuity with an assumed interest rate of 4%. If the actual performance of the separate account(s) is 5%, the effect on this month’s income benefit check will be (the) ______:”, which was part of Insurance MCQs & Answers. Thanks for choosing us.