11. Which of these is part of the replacement notice required to be given to prospective customers? A) a statement that the transaction qualifies as nontaxable under Section 1035 B) a statement of how purchasing a new policy may impact beneficiary choices C) a warning about possible increase commissions involved in the replacement D) a description of the consequences of using cash values in one policy to purchase another 12. A good reason to consider exchanging a fixed annuity for a variable annuity would be A) a lack of faith in those managing the investments in the new contract B) concerns about the lack of guarantees in the new contract C) the more favorable tax treatment afforded the variable contract when it is annuitized D) concerns about the purchasing power of future benefit amounts after a settlement option is chosen