Insurers offering variable annuities charge a number of fees and ...

[melina_rosy]

Insurers offering variable annuities charge a number of fees and expenses. One category of fees and expenses is charged to cover the cost of record keeping, paperwork, and periodic reports to annuity owners. This expense is the
 
  A) investment management charge.
  B) surrender charge.
  C) administrative charge.
  D) front-end load.

Question 2

Insurers offering variable annuities charge a number of expenses. One category of expenses is to pay the fund manager and to pay brokerage fees. This expense is the
 
  A) investment management charge.
  B) administrative charge.
  C) surrender charge.
  D) front-end load.

[mistyjohnson]

Answer to Question 1

Answer: C

Answer to Question 2

Answer: A