Bridget started to fund a variable annuity. Three years later, she exp
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.
ANSWER
Answer: D
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.