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2. Which of the following statements concerning fixed and variable annuities is (are) correct? I The total amount paid out by fixed or variable annuities

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2. Which of the following statements concerning fixed and variable annuities is (are) correct? I The total amount paid out by fixed or variable annuities may not exceed the amount invested plus the accumulated earnings. Variable annuities provide benefits that vary with investment performance to protect purchasing power, but fixed annuities do not. II (A) (B) I only II only Both I and II Neither I nor

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