LUTCF Course 2 Practice Questions - LUTCF Course 2 Investment And Protection Products Exam

Which feature most clearly distinguishes a variable annuity from a fixed annuity?

The variable annuity guarantees a fixed minimum interest rate on all funds The variable annuity is a bank product insured by the FDIC The variable annuity's account value fluctuates with the performance of underlying subaccounts chosen by the owner The variable annuity cannot provide lifetime income payments

Correct Answer:

The variable annuity's account value fluctuates with the performance of underlying subaccounts chosen by the owner

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