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Which of the following statements regarding annuities is CORRECT? A) The premium payments for variable annuities are invested in the insurance company's general account. B)

Which of the following statements regarding annuities is CORRECT? A) The premium payments for variable annuities are invested in the insurance company's general account. B) Purchasing power risk is associated with fixed annuities. C) With a variable annuity, the insurance company assumes the investment risk D) In a fixed annuity, individuals pay premiums to the insurance company, which are then invested in separate accounts

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