Annuities CE Exam Questions and Answers 100% Solved
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Course
Annuities CE
Institution
Annuities CE
Annuities CE Exam Questions and
Answers 100% Solved
Which of the following is a purpose of the annuity?
A. The replacement of earnings upon the disability of an individual
B. The distribution of a lifetime income
C. The discounting of a principal sum back to its present value
D. The creation ...
Why: an immediate annuity is purchased with a single premium and begins
providing income one payment interval in the future
The type of annuity that guarantees a minimum rate of return is
A. The variable annuity
B. The fixed annuity
C. The immediate annuity
D. The deferred annuity - ✔✔B
Why: the fixed annuity guarantees a minimum rate of return
The rate of return on a variable annuity is
A. Tied to the performance of securities in the insurer's separate account
B. Variable within a specified number of percentage points
C. Flexible but guaranteed to be no less than the minimum rate specified in
the contract
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