(b)If accounts are established in accordance with any of ...
United Benefit, 387 U.S. 202 (1967) A deferred variable annuity that promised to return net premiums at the end of a 10-year term is a security. The Court found that, despite the guaranteed return at the end of the term, the contract owner held too much investment risk, especially when the product’s marketing appealed to purchasers with its ... ................
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