27. Frank owns a variable annuity. The option to transfer funds from among his contract's subaccounts results in a takable event. a. cannot be done until Frank annuirizes the contract. is typically fimited to five transfers a year. d. can be done at any time Frank wishes. 28. By investing in a variable annuity, Ryan is provided with all of the following EXCEPT: tax deferral asset allocation an investment free from risk a Euaranteod death benefit .