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Question 1 of 2
1. Question
George allocates his variable annuity premiums to the contract’s stock variable subaccount and bond variable subaccount on a 50% – 50% basis and has allocated $100,000 to each over the years. The stock subaccount has grown to $150,000, and the bond subaccount has grown to $130,000. If George transfers all of the funds in his stock subaccount to his bond subaccount, how much gain will he be required to immediately recognize for income tax purposes?
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Question 2 of 2
2. Question
John is using the dollar cost averaging capability in his variable annuity contract to systematically transfer funds to the annuity’s aggressive growth variable subaccount. From which account would he probably NOT be permitted to transfer the funds?
