Final answer:
The owner of the annuity bears the investment risk in a Variable annuity.
Explanation:
The owner of the annuity assumes the investment risk in a Variable annuity.
Variable annuities are insurance products where the owner bears the risk of investment fluctuations in the market.
Neither OFINRA, the insurer, nor the producer assume the investment risk in a Variable annuity.
Learn more about Variable annuity investment risk here:
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