Series 24: 2.4.2.2. Deferred Variable Annuities

2.4.2.2. 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 59 1/2