Exam (elaborations)
Michigan Variable Annuities - Exam Questions and Answers with complete solution
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accumulation period/units - a $5,000 prem deposit in a VA in which the units are valued at $5, would purchase 1,000 accumulation units. New prem pmts change the number of accumulation units in a purchaser's account, and market fluctuations change each unit's value, so remember that both the numb...
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