Question 2 (3.5 points) Listen There are many options regarding the type of annuity one can purchase. Which of the following is correct? A fixed annuity will have the initial rate, which lasts until the end of the first life. A variable annuity always has funds invested in equity subaccounts. An equity-indexed annuity generally has less risk than a variable annuity. Earnings within fixed, variable and equity-indexed annuities are never subject to income tax until annuitization occurs and distributions begin