An equity-indexed annuity and a variable annuity are both similar and different in many respects. a. Explain

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An equity-indexed annuity and a variable annuity are both similar and different in many respects.
a. Explain the major similarities between an equity indexed annuity and a variable annuity.
b.
Identify the major differences between an equity indexed annuity and a variable annuity.

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
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Principles Of Risk Management And Insurance

ISBN: 399

12th Edition

Authors: George E. Rejda, Michael McNamara

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