6. With respect to a nonprofit organizations payments to beneficiaries of annuity funds and life income funds:
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6. With respect to a nonprofit organization’s payments to beneficiaries of annuity funds and life income funds:
a. Annuity fund payments are fixed in amount; life income fund payments vary in amount.
b. Annuity fund payments vary in amount; life income fund payments are fixed in amount.
c. Payments from both annuity funds and life income funds are fixed in amount.
d. Payments from both annuity funds and life income funds vary in amount.
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