Multiple Choice
Bridget started to fund a variable annuity.Three years later,she experienced financial difficulty.She called her agent and cancelled the contract.The insurer returned all but 4 percent of the account balance.The 4 percent kept by the insurer is a(n)
A) account administration fee.
B) investment management fee.
C) front-end load.
D) surrender charge.
Correct Answer:
Verified
Correct Answer:
Verified
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