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Chapter 1: Historical Development of Annuity Contracts Review Questions Copy

Posted on 12.29.20

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  1. Question 1 of 3
    1. Question

    Which of the following influenced insurers to introduce variable annuities?

    I. the post-war economic boom

    II. consumers’ experience with mutual funds

    III. consumer demand

  2. Question 2 of 3
    2. Question

    As initially conceived, an annuity was:

    1. a product designed to systematically liquidate a principal sum
    2. a product with which to accumulate sums of money

  3. Question 3 of 3
    3. Question

    Which of the following did NOT contribute to insurers’ Depression-era financial problems stemming from the sale of annuities?

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