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HOW TO STRUCTURE AN ANNUITY CONTRACT WEBCE QUESTIONS WELL ANSWERED GRADED A+
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HOW TO STRUCTURE AN ANNUITY CONTRACT WEBCE QUESTIONS WELL ANSWERED GRADED A+
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HOW TO STRUCTURE AN ANNUITY CONTRACTWEBCE QUESTIONS WELL ANSWERED GRADED
A+
Which xterm xrefers xto xstructured xpayouts xthat xwill xliquidate xan
xannuity's xinvested xpremiums xand xaccumulated xearnings xover xsome
xperiod xof xtime? x x x x x x x x x✔- xannuitization
At xEileen's xdeath, xWinthrop xreceived xthe xdeath xbenefit xpayable xunder
xEileen's xannuity xand xchose xto xcontinue xthe xcontract xin xhis xname xand
xcontinue xto xaccrue xtax-deferred xaccumulations. xWhat xwas xWinthrop's
xrelation xto xEileen? x x x x x x x x x✔- xHe xwas xher xspouse.
What xkind xof xannuity xserves xexclusively xas xa xmeans xto xliquidate xa
xprincipal xsum xand xpay xout xan xincome xstream? x x x x x x x x x✔- ximmediate
xannuity
Wilson xis xconsidering xthe xpurchase xof xa xdeferred xannuity xand xwill
xhave xto xdecide xwho xto xname xas xbeneficiary xof xthe xcontract's xdeath
, xbenefit. xWho xamong xthe xfollowing xwould xbe xable xto xassume xdirect
xownership xof xthe xannuity xif xWilson xwere xto xdie? x x x x x x x x x✔- xWilson's
xwife, xBeverly
Charlie xowns xa xdeferred xannuity. xAt xthe xend xof xthe xcontract's xfirst
xinterest xcrediting xterm, xthe xinsurer xcredits xthe xcontract xwith xa x6
xpercent xrate xof xreturn, xbased xon xthe xperformance xof xthe xS&P x500
xover xthat xperiod. xWhat xkind xof xannuity xdoes xCharlie xown? x x x x x x x x x✔-
xan xindexed xannuity
The xdistinction xbetween xan xowner-driven xannuity xcontract xand xan
xannuitant-driven xannuity xcontract xpertains xprimarily xto: x x x x x x x x x✔-
xwhose xdeath xtriggers xthe xcontract's xdeath xbenefit
Years xago, xHenry xpurchased xa xdeferred xannuity xwith xa xsingle xpremium
xpayment xof x$25,000. xHe xnever xtook xany xdistributions xor xwithdrawals
xand xtoday, xthe xannuity's xvalue xis x$53,000. xThe xcontract xprovides xfor xa
xtraditional xdeath xbenefit xguarantee. xIf xHenry xwere xto xdie xtoday, xwhat
xdeath xbenefit xwould xthe xcontract xpay? x x x x x x x x x✔- x$53,000
All xof xthe xfollowing xhave xbeen xgiven xa xdistribution xfrom xtheir xannuity
xcontracts. xWhose xwould xbe xconsidered xan x"amount xreceived xas xan
xannuity"? x x x x x x x x x✔- xMichael, xwho xreceived xhis xmonthly x$1,000
xannuitized xincome xpayment
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