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Each of the following are characteristics of a fixed annuity contract EXCEPT

Ohio Department of Insurance OH-Life-Agent-Series-11-44 Full Course Access
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Each of the following are characteristics of a fixed annuity contract EXCEPT

A.

funds are Invested in a separate account.

B.

the minimum interest rate is guaranteed in the contract.

C.

benefit payments remain level.

D.

it may be sold as an immediate or deferred annuity.

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