Annuities

Equity Indexed Annuity are invested in what ?

S&P 500

G purchases a $50,000 single premium, Straight Life Annuity 2 years ago. G has been receiving monthly payments from the annuity. When G Dies , the insure ?

Does not have to make any further payments

N purchases an annuity by making payments in an amount no less than $100 quarterly. This describes what annuity ?

Flexible Installment Deferred

Variable annuities may invest premiums in each of the following, EXCEPT : A- Money Market Securities B- Junk Bonds C- Inusurer's corporate business acct.

Insurer's Corporate Business Account

T, age 70, withdraws cash from a profit-sharing plan and purchases a Straight Life Annuity. What will this transaction provide?

income that cannot be outlived by the owner

An immediate annuity consists of a :

single premium

An individual who purchase a Life Annuity is given protection against :

the risk of living longer than expected

Which of these statements concerning an Individual Straight Life annuity is accurate ? A- Life Expectancy of the annuitant is not a factor B- Payments are made to an annuitant for life

B- Payments are made to annuitant for life

Which of the following is a characteristic of a variable annuity ? A- Selling this product requires only a life license B- Does not have Surrender Charges C- Underlying Equity Investments

C- Underlying Equity Investments

What type of annuity has a cash value that is based upon the performance of it's underlying investment funds?

Variable