Shur-Gro variable annuity uses an AIR of 3% for
those contract holders who are in the annuity stage.
The past few months, the actual returns created
by the separate account have been, respectively;
6%, 5.5%, 4% and 3.5%. Which of the following is
a true statement regarding the payouts to annuitants?
A) Payments have not been affected
B) Payments have increased
C) Payments have steadily decreased
D) Payments have remained level