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An agent must disclose the possible tax ramifications when replacing or exchanging an annuity. While the other options may also be relevant information, they are not required to be disclosed in this case. The new interest rates and benefits of the new company may be important considerations for the client, but they are not necessary to be disclosed by the agent. Similarly, the agent's commission may be a factor in their recommendation, but it is not required to be disclosed in this particular situation. Disclosing the possible tax ramifications is essential for ensuring that the client fully understands the potential financial implications of replacing or exchanging their annuity.