There is very little liquidity and flexibility with an annuity investment since there may be restrictions or penalties on withdrawing funds and surrendering the contract. Payout and accumulation annuities are very different when it comes to withdrawals and surrender, Listed below are a number of statements relating to annuities: Payout annuities do not permit withdrawals. A withdrawal may be made from an accumulation annuity without incurring an MYA. Withdrawals do not affect the amount available to fund annuity payments The MVA is a penalty calculated by the insurer that has issued the contract. The agent is not required to inform the contract owner that a withdrawal may be reduced by the MVA. A term annuity may be surrendered for its commuted value. Only 2 of the above statement are correct. What ones are they? Select one: a. 1,5 b. 2.4 c. 3.5 d. 1,2