Chapter 5
which of the following is a feature of variable annuity
benefit payment amounts are not guaranteed
under a straight life annuity, if the annuitant dies before the principal amount is paid out, the beneficiary will receive
nothing; the payments will cease
which of the following is true regarding a waiver of a 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.
who bears all of the investment risk in a fixed annuity?
the insurance company
Which of the following is a short-term annuity that limits the amounts paid to a specific fixed period or until a specific fixed amount is liquidated
annuity certain
which of the following ultimately determines the interest rates paid to the owner of a fixed annuity
insurer's guaranteed minimum rate of interest