One Difference Between Investing in a Variable Annuity and in a Mutual

One difference between investing in a variable annuity and in a mutual fund is that:

A) the variable annuity guarantees a minimum rate of return on your investment.
B) the premiums invested in a variable annuity grow tax-deferred.
C) the fees and charges associated with investing in a mutual fund are much higher than those associated with investing in a variable annuity contract.
D) Mutual fund investors have voting rights; owners of variable annuity contracts have no voting rights.

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