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SERIES 65 Chapter 2 Insurance products: Annuities and Life Insurance || with Accurate Answers 100% $10.99   Add to cart

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SERIES 65 Chapter 2 Insurance products: Annuities and Life Insurance || with Accurate Answers 100%

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  • SERIES 65 Chapter 2 Insurance Products: Annuities

variable payments variable rate of return investment risk assumed by annuitant portfolio of equities, debt, money market funds separate account resistant to inflation insurance and securities regulation correct answers variable annuities agent must have: securities license registered b...

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  • September 5, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • SERIES 65 Chapter 2 Insurance products: Annuities
  • SERIES 65 Chapter 2 Insurance products: Annuities
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SERIES 65 Chapter 2 Insurance products: Annuities and
Life Insurance || with Accurate Answers 100%
variable payments
variable rate of return
investment risk assumed by annuitant
portfolio of equities, debt, money market funds
separate account
resistant to inflation
insurance and securities regulation correct answers variable annuities

agent must have:

securities license registered by FINRA in state

insurance license in state correct answers separate account management requires

guaranteed fixed payment
guaranteed interest rate
investment risk assumed by insurance company
portfolio of fixed-income securities
general account
vulnerable to inflation
insurance regulation correct answers fixed annuity

investor selects subaccounts correct answers determines investment return

investment company
shares
investment objectives: varied
no guarantees
redeemed by issuer
price based on formula correct answers Mutual fund characteristics v. variable annuity

insurance company
units
investment objective: growth & income
few guarantees
redeemed by issuer
price based on formula correct answers variable annuity V. mutual fund characteristics

fixed plus variable account
guaranteed payment + pace with inflation correct answers combination annuity

participation rate in stock index

, 80-90% participation
minimum guarantee return3-4%
cap rate e.g. 12%
longer surrender period correct answers equity index annuity

annual reset: difference in index value 1/1-12/30

high water mark: highest value reached between anniversary dates of annuity re: value beginning
of the year

point-to-point: or annual point to point: value at end of contract correct answers interest growth
calculation

single lump sum investment, benefits deferred til annuitant elects correct answers deferred
annuity

monthly quarterly or annual basis
annuitant elects benefit pay out correct answers periodic payment deferred annuity

single lump sum, begin payment in 60 days correct answers immediate annuity

pay in period
may borrow from account correct answers accumulation stage

investor ownership share in separate account correct answers accumulation units

no maximum sales charge correct answers on variable annuities

distribution or payout period correct answers annuity stage

annuitizing the contract correct answers withdraw funds
may not be changed
locks in specific payout options
largest to smallest

periodic payments over lifetime correct answers life annuity/straight life/pure life

life annuity period certain correct answers minimum period guaranteed

upon death, if period not used up,payments continue to named beneficiary

if annuitant lives, payments continue until death

annuity covering 2 + people
payment conditional on both lives
payment cease at last survivor's death correct answers joint life with last survivor annuity

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