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3. Howard purchased a deferred fixed annuity; Harry purchased a deferred variable annuity. Which of the following features does Howard's contract offer that Harry's does

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3. Howard purchased a deferred fixed annuity; Harry purchased a deferred variable annuity. Which of the following features does Howard's contract offer that Harry's does not? a. a guaranteed minimum death benefit b. a guaranteed minimum rate of return c. the option for annuitization d. tax deferral on the contract's accumulation

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