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What is the duration of an annuity's free withdrawal period? a. It is the same as its surrender charge period. b. It is based on

What is the duration of an annuity's free withdrawal period?

  • a. It is the same as its surrender charge period.
  • b. It is based on the amount of the initial premium.
  • c. It is longer for nonqualified contracts than for qualified contracts.
  • d. It is left to the discretion of the contract owner.

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