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Question 1 of 2
1. Question
Audrey allocated her variable annuity premium to an aggressive stock variable subaccount. Now that she has reached age 55, she feels that she should assume a more conservative investment allocation and has decided to transfer the funds in the stock subaccount to the bond subaccount. If Audrey is in a 22 percent tax bracket and her account has $100,000 of unrecognized gain, what will be Audrey’s income tax liability resulting from her re-allocation?
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Question 2 of 2
2. Question
The principal advantage of a life annuity is in its ability to provide an income that cannot be outlived.
