All of the Following Statements About Variable Annuities Are True

All of the following statements about variable annuities are true EXCEPT

A) The periodic payments received by the annuitant fluctuate.
B) Variable annuities typically provide a guaranteed death benefit payable to a beneficiary if the annuitant dies prior to retirement.
C) Insurers offering variable annuities charge a variety of fees and expenses.
D) Although the value of annuity units fluctuates,accumulation units have a fixed value.