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QUESTION 93 Brad buys a variable annuity with a seven-year surrender period and an initial surrender charge of 7%. If he surrenders the annuity in

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QUESTION 93 Brad buys a variable annuity with a seven-year surrender period and an initial surrender charge of 7%. If he surrenders the annuity in the third year, he will pay a contingent deferred sales charge of approximately five percent True False

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