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Health and Life Insurance

Category - Annuities & Policies

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If held to term, equity indexed annuities are considered which of the following?

Fixed
Variable
Flexible
Special

Explanation

Answer: A - If held to term, equity indexed annuities are considered fixed annuities. This is because equity indexed annuities offer a guaranteed interest rate as well as guaranteeing against the loss of principal if held to term. The upward movement of an equity indexed annuity is based on the upward movement of a designated equity index.

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