Business, 07.01.2020 04:31 glowbaby123

In a fixed annuity which of the following is true regarding the guaranteed interest rate on the investment?
1. the annuitant will always receive the current interest rate.
2. the annuitant will receive the lower of either the guaranteed minimum rate or current rate.
3. the annuitant will only receive the guaranteed minimum specified in the contract.
4. the annuitant will receive the higher of either the guaranteed minimum rate or current rate.

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In a fixed annuity which of the following is true regarding the guaranteed interest rate on the inve...

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