Which of the following is characteristic of variable annuities? (Check all that apply.)
O If the annuitant dies during the accumulation period, his/her beneficiary will receive the promised annuity payments.
O During the annuity period, the number of "annuity units" fluctuates with the value of an underlying portfolio of securities.
O The primary advantage of variable annuities is inflation protection
O Premiums are used to purchase "accumulation units" whose value is tied to the value of an underlying portfolio of securities.