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Taxes on income earned in a variable annuity are: A Taxed on an annual basis during both the accumulation and annuitization phase Not taxed C

Taxes on income earned in a variable annuity are: A Taxed on an annual basis during both the accumulation and annuitization phase Not taxed C Taxed when withdrawn at the customer's ordinary tax rate D Taxed when withdrawn at the customer's long-term capital gains rate

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