An equity-indexed annuity and a variable annuity are both similar and different in many respects. a. Explain
Question:
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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Related Book For
Principles Of Risk Management And Insurance
ISBN: 399
12th Edition
Authors: George E. Rejda, Michael McNamara
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