Question.4325 - Ch. 8 Written Assignment 2 (Video Activity)DetailsPractical Example of AnnuitiesWatch the video "What is an Annuity?" [5min 22sec] and answer the following two questions:(Source: allianzus. (2019, July 30). What is an annuity? [Video]. YouTube. https://www.youtube.com/watch?v=xZlortwSdSg)1. What is the primary difference between a fixed annuity and a variable annuity?2. Annuities are often recommended to retirees and seniors. Why would a fixed annuity be more attractive to such a person than a variable annuity?
Answer Below:
1. What is the primary difference between a fixed annuity and a variable annuity?The key difference between fixed and variable annuities lies in how t...
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