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WebCE 4-Hour Annuity Suitability and Best Interest Standards Latest Updates 2024/2025
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WebCE 4-Hour Annuity Suitability and Best Interest Standards Latest Updates 2024/2025
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WebCE 4-Hour Annuity Suitability andBest Interest Standards Latest Updates
2024/2025
For whom is joint ownership of an annuity often reserved? ANS✔✔ spouses
At what point does the beneficiary to an annuity acquire rights in the
contract? ANS✔✔ (Wrong) upon contract issue and throughout the life of the
contract, until the death of the contract owner or annuitant
Generally speaking, how long is the accumulation period for immediate
annuities? ANS✔✔ one month to one year
For which of the following needs are traditional deferred annuities best
suited? ANS✔✔ retirement planning
For what reason would an individual choose a variable annuity over a fixed
annuity? ANS✔✔ for the potential to earn greater contract growth
At the time he purchased his variable annuity, Ahmed directed $5,000 of his
premium into Subaccount A when the unit value was $10. A year later, the
unit value had increased to $15. Assuming he made no additional premium
deposits, what is the value of Ahmed's investment in Subaccount A now?
ANS✔✔ $7,500
For most indexed annuities, what is the specified floor? ANS✔✔ 0 percent
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