The primary difference between fixed and variable annuities is that

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The primary difference between fixed and variable annuities is that the value of the variable annuity can both increase and decrease based on the performance of the underlying investments. In contrast, the investment return on fixed annuities doesn't change. While variable annuities do have variable monthly payments during the accumulation period, this is not the primary difference between the two types of annuities. The annuity starting date can typically be changed for both types of annuities, so option D is also not the best choice.

The Primary Difference Between Fixed and Variable Annuities Is That