Which of the following statements is (are) true with respect to an equ
Which of the following statements is (are) true with respect to an equity-indexed annuity?
I. The maximum percentage gain is usually capped.
II. There is no downside protection against loss of principal if the annuity is held to term.
A) I only
B) II only
C) both I and II
D) neither I nor II
ANSWER
Answer: A
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