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Shellys variable annuity has a mortality and expense risk charge at an annual rate of 1.5 percent of account value. Her account value during the
| Shellys variable annuity has a mortality and expense risk charge at an annual rate of 1.5 percent of account value. Her account value during the year is $105,000. What was Shellys mortality and expense risk charge for the year? |
| Mortality and expense risk charge | $ |
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Short Term Financial Management
Authors: John Zietlow, Matthew Hill, Terry Maness
5th Edition
1516512405, 9781516512409
