Question #$34$ of $50$

Which of the following statements would be wrong to repeat to a client if you were advising about equity$-$indexed annuities?

A$)$ Equity$-$indexed annuities have the same safety of principal as any fixed$-$interest deferred annuity.

B$)$ Your principal is protected with an equity$-$indexed annuity.

C$)$ When the index linked to an equity$-$indexed annuity beats the minimum rate, the annuity's gains are connected to the index.

D$)$ Equity$-$indexed annuities are a type of variable annuity.