Business, 01.07.2020 16:01 jake122390

An investor has been making payments into a variable annuity for the last 20 years. The investor decides to annuitize and selects a straight-life payout. Which two of the following statements are TRUE? I. the investment risk is assumed by the insurance company
II. the investment risk is assumed by the customer
III. the amount of the payment to the customer is guaranteed by the insurance company
IV. the amount of the payment to the customer is not guaranteed
a. I and III
b. I and IV
c. II and III
d. II and IV

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