Skip to primary navigation
Skip to main content
Skip to primary sidebar
Skip to footer

Insurance Continuing Education for Insurance Agents

Call Us Today! 1-888-501-7330

Log In
Register
Cart

HOME
ABOUT US
COURSE CATALOG
BLOG
CONTACT US

Annuities Part 1 FINAL EXAM (GA 47308) Copy

Posted on 01.03.19

Time limit: 0

Quiz Summary

0 of 10 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 10 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Not categorized 0%

Sorry, but you failed to meet the minimum passing requirements for this course.
Please review the course materials and try again.
Congratulations, you passed!

YOU MUST “CLICK HERE TO CONTINUE” (BELOW) TO RECORD YOUR RESULTS.

1
2
3
4
5
6
7
8
9
10

Current
Review
Answered
Correct
Incorrect

Question 1 of 10

1. Question
What is the term “annuity” used to describe, besides the contract itself?
- The owner of the contract.
- The income that the individual receives under the contract.
- The individual on whose life the contract is based.
- The amount that the contract owner invests in the contract.
Correct

Incorrect
Question 2 of 10

2. Question
How have annuities maintained an advantage over other forms of investing?
- They are never tax deferred.
- They all offer reliable rates of return.
- The interest earned is tax deferred.
- They all have simple, single premium plans.
Correct

Incorrect
Question 3 of 10

3. Question
What do fixed annuities offer?
- A guaranteed interest rate for a set period of time.
- A guaranteed interest rate for as long as the insured is living.
- The most growth and highest payouts of all annuity types.
- Advantages similar to mutual funds.
Correct

Incorrect
Question 4 of 10

4. Question
Single premiums are more likely to be associated with which annuity type?
- Variable annuities
- Immediate benefit annuities
- Fixed annuities
- Equity index annuities
Correct

Incorrect
Question 5 of 10

5. Question
Which of the following describes the person or trustee with investment control over the annuity contract?
- The annuitant
- The annuity owner
- The agent
- The insurer
Correct

Incorrect
Question 6 of 10

6. Question
In owner-driven annuity contracts, benefits are based on which of the following happening?
- The death, and only the death, of the annuitant.
- The annuitant's death, disability, or the annuitant reaching a certain age.
- The annuity owner's death, disability, or the owner reaching a certain age.
- The owner's investment reaching a certain benchmark.
Correct

Incorrect
Question 7 of 10

7. Question
What is the best way for an agent to ensure that they will not be caught in a badly titled annuity contract?
- Check with the insurer that all parties are in their intended roles.
- Obtaining a letter of instruction from the client's attorney on how to structure the contract.
- Obtain a letter of instruction from an outside rating company on how to structure the contract.
- Check with the annuity owner that all parties are in their intended roles.
Correct

Incorrect
Question 8 of 10

8. Question
What do waivers in annuity contracts usually trigger in crisis situations?
- Higher interest rates
- Lower surrender rates
- Lower interest rates
- More administrative charges
Correct

Incorrect
Question 9 of 10

9. Question
While fixed rate annuity contracts are often compared to CDs, variable rate annuity contracts are often compared to what?
- Mutual funds
- CDs
- Equity index annuity contracts
- None of the answers listed here.
Correct

Incorrect
Question 10 of 10

10. Question
Charges and fees associated with equity indexed annuity contracts are similar to fixed annuity contract charges in what way?
- Like fixed rate annuities, equity indexed annuities have annual administrative charges and fees.
- There are very few comparable aspects between fixed rate annuity contracts and equity indexed annuity contracts.
- Other than surrender fees, most equity indexed annuities have no associated fees.
- In addition to surrender fees, most equity indexed annuities have annual administrative fees.
Correct

Incorrect

Categories: Uncategorized

sidebar

Blog Sidebar

LOG IN
COURSE CATALOG
CONTACT US
LICENSE REQUIREMENTS

Footer

235 Melrose Avenue
Santa Rosa Beach, FL 32459
1-888-501-7330
1-888-501-7330
info@betterce.com

Linkedin Facebook Youtube

Course Catalog
Course Delivery Description

Course Catalog
Privacy Policy
Refund Policy
Course Reporting

Merchant Services

Home
Testimonials
Contact Us
Sitemap

Quiz Summary

Information

Results

Results

Categories

Sorry, but you failed to meet the minimum passing requirements for this course. Please review the course materials and try again.

Congratulations, you passed!

YOU MUST “CLICK HERE TO CONTINUE” (BELOW) TO RECORD YOUR RESULTS.

1. Question

2. Question

3. Question

4. Question

5. Question

6. Question

7. Question

8. Question

9. Question

10. Question

Footer

Sorry, but you failed to meet the minimum passing requirements for this course.
Please review the course materials and try again.