When describing a "Portfolio Rate" offered by an insurance company, which of the following applies?...

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When describing a "Portfolio Rate" offered by an insurance company, which of the following applies? It is the rate offered by the insurance company, based on the their current investments. The rate is set annual by the company based on what they hope for future returns to be. It is the rate offered based on the S&P 500 Index. The rate is a cumulative rate of the investments for the last year

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