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Which of the following is correct? a. Non-qualified annuities do not have to comply with the minimum distribution rules. b. An exchange of a life

Which of the following is correct?

a. Non-qualified annuities do not have to comply with the minimum distribution rules.

b. An exchange of a life insurance policy for an annuity is not a tax free exchange under Section 1035.

c. A loss on a variable annuity can be deducted even if the annuity is exchanged for another annuity.

d. Annuities are considered IRD assets.

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