Insurers offering variable annuities charge a number of fees and expen

Insurers offering variable annuities charge a number of fees and expenses. One category of fees and expenses is charged to cover the cost of record keeping, paperwork, and periodic reports to annuity owners. This expense is the

A) investment management charge.
B) surrender charge.
C) administrative charge.
D) front-end load.

ANSWER

Answer: C