annuities

an agent selling variable annuities must be registered with

FINRA

If an annuitant dies before annuitization occurs, what will the beneficiary receive?

Either the amount paid into the plan or the cash value of the plan, whichever is the greater amount

The annuity owner dies during the accumulation. Without naming a beneficiary. I know it is cash value exceeds premiums paid. Which of the following is true

The cash value would be paid to an estate

which of the following is true regarding a waiver and surrender charge on an annuity contract

The charge may be waived if the annuitant is confined to a long-term care facility for at least 30 days.

all of the following are true of an annuity owner except

The owner must be the party to receive benefits.

which of the following products requires a securities license

Variable annuity

all of the following statements are true regarding installments for a fixed amount except

The payments will stop when the annuitant dies.

which of the following provisions in annuity contracts allow the owner to surrender the annuity if interest rates dropped to a specified level

bail out

which of the following Will not be inappropriate use of a deferred annuity

creating an estate

which of the following is another term for the accumulation of an annuity

pay in period

according to the nonforfeiture law if the owner decides to surrender a deferred annuity prior to annuitization the owner is entitled to which of the following

guaranteed surrender value

if a contract provides a set amount of income for two or more persons with the income stop being upon the first death of the insured it is called

joint life annuity

annuities can be used to fund which of the following

retirement plans

which of the following is true for both equity index annuities and fixed annuities

they have a guaranteed a minimum interest rate

If an annuity contract has defaulted due to nonpayment of premiums, when can it be reinstated?

within 1 year