Multiple Choice
When an individual purchases an annuity they are actually purchasing accumulation units. What is the purpose of accumulation units?
A) Accumulation units are the same as buying shares of stock in a company
B) Accumulation units are used to cover the sales charges and taxes prior to payments
C) Accumulation units are used to show how strong the insurance company is
D) Accumulation units are an accounting measure to determine the contract holder's interest in the account.
Correct Answer:
Verified
Correct Answer:
Verified
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