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in Sandra, a licensed producer and registered representative, is explaining the advantages and disadvantages of fixed, indexed, and variable annuities to Karen, a 63-year old,

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in Sandra, a licensed producer and registered representative, is explaining the advantages and disadvantages of fixed, indexed, and variable annuities to Karen, a 63-year old, recently widowed client. Which of the following would Sandra characterize as a unique disadvantage of variable annuities? Atte OA) Investment risk assumed by the insurance company OB) A guaranteed maximum interest rate (rate cap) OC) A possible hedge against Inflation D) Investment risk retained by the contract owner

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