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If it's a GAC, it can't have publicly traded funds. It may have "clones" of funds created specifically for the GAC (a quirk of insurance law is that an insurance contract (insurance company general or special fund) can't invest in a mutual fund. Since it has investment options, it isn't a fixed annuity. There WILL be M&E expenses. An annuity MUST have them, because it's premise is to provide annuitized income for ones life. They're probably buried somewhere. Since it's offered by an insurance company who has a vested interest in annuitizing your distributions, I'd bet that the normal form of benefit is an annuity (which isn't bad, but it means that spousal consent is required for any type of distribution - which also isn't bad, just something to be aware of).
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