The distinguishing feature of the market value-adjusted annuity is the option to receive the market value of the survivorship benefit.

Question

Quizplus · Accepted Answer

The distinguishing feature of a market value-adjusted annuity is that it offers a fixed interest rate for a specified period, but the surrender value of the annuity can fluctuate based on changes in the market interest rates, not the option to receive the market value of the survivorship benefit.

The Distinguishing Feature of the Market Value-Adjusted Annuity Is the Option