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Question 1 of 25
1. Question
How have annuities maintained an advantage over other forms of investing?
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Question 2 of 25
2. Question
Which of the following describes the role of the annuitant?
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Question 3 of 25
3. Question
What is the term “annuity” used to describe, besides the contract itself?
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Question 4 of 25
4. Question
Surrender charges are typically used for which kinds of withdrawals?
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Question 5 of 25
5. Question
In owner-driven annuity contracts, benefits are based on which of the following happening?
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Question 6 of 25
6. Question
What is true of all annuity policy contracts?
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Question 7 of 25
7. Question
In a variable annuity contract, the insurer agrees to make periodic payments when?
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Question 8 of 25
8. Question
What do fixed annuities offer?
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Question 9 of 25
9. Question
Single premiums are more likely to be associated with which annuity type?
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Question 10 of 25
10. Question
Which of the follow is not a way to describe how the insured will receive annuity income payments?
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Question 11 of 25
11. Question
Which of the following describes the person or trustee with investment control over the annuity contract?
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Question 12 of 25
12. Question
Which of the following is not a part of structuring an annuity correctly?
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Question 13 of 25
13. Question
Which of the following describes the person, persons, or trust that receives the annuity in the event of the death of the annuitant?
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Question 14 of 25
14. Question
In the opinion of this lesson, which party involved with the annuity transaction is most responsible for discovering the solvency of insurers?
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Question 15 of 25
15. Question
What is the agent’s role during an annuity transaction?
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Question 16 of 25
16. Question
Which of the follow is an example of a waiver found in an annuity contract?
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Question 17 of 25
17. Question
Which of the following is not a settlement option?
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Question 18 of 25
18. Question
Which of the following is not a form of the life income option that was discussed in this course?
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Question 19 of 25
19. Question
Who developed the market value adjustment (MVA) to adjust yields when interest rates were changing rapidly?
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Question 20 of 25
20. Question
Do most fixed rate annuities have any associated fees?
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Question 21 of 25
21. Question
Which of the following is not an example of a fixed rate annuity contract?
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Question 22 of 25
22. Question
Do variable annuity contracts typically have charges and fees?
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Question 23 of 25
23. Question
What are the risks associated with variable annuities?
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Question 24 of 25
24. Question
Which type of investor would be most comfortable with a self-directed variable annuity contract?
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Question 25 of 25
25. Question
For the purpose of equity indexed annuity contracts, using an index’s average value instead of its value on specific dates is known as what?
