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Some life insurance or annuity contracts are variable. What does variable mean? a.The premiums are variable. b.The credit rating of the issuer is variable. c.The

Some life insurance or annuity contracts are "variable." What does "variable" mean?

a.The premiums are variable.

b.The credit rating of the issuer is variable.

c.The crediting rate is variable.

d.The cash values or accumulations can be invested in a choice of mutual funds and the cash values will be variable along with the performance of the mutual funds.

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