Series 7 - General Securities Representative Exam
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Your client has a variable annuity with an AIR of 6%. This month the actual performance was 5.4 %. Compared to last month, this month's check for your client will be
Higher
A
Lower
B
Same
C
Variable upon other factors
D
Explanations
If the actual return is lower than the AIR, the check would go down in value. This is the variable of variable annuities