Question #$13$ of $50$

When individuals exchange a fixed annuity for a variable annuity under Section $1035,$

A$)$ there is no need for a suitability review if it is done within the same company

B$)$ they should be made thoroughly aware of the potential increased risks involved

C$)$ they need to know that the tax treatment in the separate account is more favorable than in the general account

D$)$ the underwriting will be more stringent than if a variable annuity were exchanged for a fixed annuity