SIE Exam Question 241: Answer and Explanation

Question: 241

Accumulation units are most often associated with:

• A. ETFs
• B. mutual funds
• C. annuities
• D. life insurance

Correct Answer: C

Explanation:

C: Variable annuities sell 'accumulation units' to purchasers, whose price each day is based upon the 4 pm net asset value of the separate account.