8-Hour Annuity Training Course Exam Questions With Correct Answers.
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8-Hour Annuity Training Course
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8-Hour Annuity Training Course
8-Hour Annuity Training Course Exam
Questions With Correct Answers.
Who bears the risk of principal loss in a variable annuity with respect to funds the owner has
allocated to the separate account? - answerthe insurer
If a consumer wants to receive monthly periodic payments from an annuity begi...
8-Hour Annuity Training Course Exam
Questions With Correct Answers.
Who bears the risk of principal loss in a variable annuity with respect to funds the owner has
allocated to the separate account? - answer✔the insurer
If a consumer wants to receive monthly periodic payments from an annuity beginning in one
month, what kind of annuity should he or she buy? - answer✔immediate
California Insurance Code Section 787(b) defines advertising broadly, when targeted to people
age 65 or older, and includes all of the following EXCEPT: - answer✔beneficiary change forms
All of the following are crisis conditions for which insurers will normally waive surrender
charges under an annuity surrender charge waiver rider EXCEPT: - answer✔declaring
bankruptcy
Shirley is a teacher in a public school and allocates part of her salary to a retirement plan
available only to non-profit organizations and public school employees. Under what kind of
retirement plan is she covered? - answer✔a defined benefit plan
For what period do surrender charges normally apply in a seven year multi-year guarantee
annuity? - answer✔three years
What is the minimum period that must normally elapse between an agent's delivery of a written
notice to a senior concerning an appointment and the time that an agent meets in the senior's
home? - answer✔24 hours
On what date are periodic payments under a deferred annuity scheduled to begin? -
answer✔annuity starting date
Which of the following allocation options in a variable annuity guarantees principal and a
minimum interest crediting rate but is not a variable subaccount in an insurer's separate account?
- answer✔the common stock account
A(n) _____ is a measure of performance of certain stocks that are included in a particular
portfolio in relation to a base value established earlier. - answer✔equity index
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