Series 24: Deferred Variable Annuities

Taken from our Series 24 Online Guide

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Deferred Variable Annuities

With deferred variable annuities, brokers must inform the customer of the annuity’s specific features, such as:

• Potential surrender period and surrender charge
• Potential tax penalty if customers sell or redeem deferred variable annuities before reaching the age of 591/2
• Subject to market risk

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