NAIC390 Exam Questions and Answers 100% Solved | Graded A+
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Course
NAIC390
Institution
NAIC390
NAIC390 Exam Questions and Answers
100% Solved | Graded A+
Regarding indexed annuities, the participation rate is best described as: -
The percentage of increase in the index that will be used to calculate
the index-linked interest rate.
Mortality and expense risk charges are designed to offse...
consumer's risk tolerances, time horizons, and goals. - ✔✔Variable
subaccounts.
With this type of variable annuity living-benefit guarantee, the insurer
promises a fixed lifetime payment calculated a hypothetical benefit base
even if the contract performs poorly. - ✔✔Guaranteed minimum income
benefit.
If an annuitant surrenders his or her contract before reaching age 59 1/2, a
____________ premature-distribution tax penalty will apply. - ✔✔10%
Tax advantages of annuities include __________. - ✔✔Tax-deferred
accumulations.
Starting in the 1970s, issuers began offering _________ insurance
products that offered the potential for greater returns through the inclusion
of an investment component. - ✔✔Universal life.
In reference to indexed annuities, the terms annual reset, high-water mark,
low-water mark, and point-to-point refer to ____________. - ✔✔Index
methods.
The person designated to receive the death benefit of an annuity is the
_______. - ✔✔If you don't know this, shame on you. Beneficiary.
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