In a variable annuity, what primarily determines the contract value?

In a variable annuity, what primarily determines the contract value?

• A. The insurer sets a fixed value that never changes.
• B. The contract value is guaranteed independent of market performance.
• C. Contract value is determined by the performance of the investment subaccounts within the separate account.
• D. The death benefit rider determines the contract value.

Answer: (C)