Final answer:
The ability to alter or suspend variable annuity payments without forfeiting the policy depends on the insurance company's policy. Policyholders should review their contracts or consult with the insurer or financial advisor to understand their specific annuity's terms.
Step-by-step explanation:
When it comes to variable annuity payments, the ability to alter or suspend payments without forfeiting the policy can depend on the specific terms and conditions set forth by the insurance company. Typically, variable annuities are flexible investment products, and many insurers may allow changes to payments during the accumulation phase without causing the policy to be forfeited. However, this can vary between different companies and policies, so it is essential to review the contract or speak directly with the insurer for clarification.
Therefore, the answer would be d) It depends on the insurance company's policy. Since each variable annuity policy may have different rules regarding payment adjustments, it's important for policyholders to understand their contract or consult with their financial advisor to understand the implications of altering or suspending payments on their annuities.