Chartered Retirement Planning Counselor (CRPC®) Exam

What is the key distinction between a fixed annuity and a variable annuity?

Fixed annuities are only available in qualified accounts Fixed annuities guarantee a minimum interest rate while variable annuities invest in market-linked subaccounts Fixed annuities have no surrender charges Variable annuities cannot provide lifetime income

Correct Answer:

Fixed annuities guarantee a minimum interest rate while variable annuities invest in market-linked subaccounts

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