Exam (elaborations)
WebCE 4-Hour Annuity Suitability and Best Interest Standards Latest Updates 2024/2025
- Course
- Institution
WebCE 4-Hour Annuity Suitability and Best Interest Standards Latest Updates 2024/2025
[Show more]
Content preview
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Schoolflix. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
56326 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now