Life and Health - Annuities

Which of the following will NOT bean appropriate use of a deferred annuity?

Creating an estate. Annuuities don't create an estate but liquidate it.

An agent selling variable annuities must be re

FINRA

Which of the following is NOT true about a group annuity?

It can be owned by individual employees

A couple receives a set amount of income from their annuity. When the wife dies, the husband no longer receives annuity payments. What type of annuity did the couple buy?

Joint life

Before he died, an annuitant had received $12,500 in monthly benefits from his $25,000 straight life annuity. He was also the insured under a $50,000 paid-up whole life policy that named his wife as primary beneficiary. Considering both contracts, how much will the annuitant's spouse receive in benefits

$50,000 because straight life annuity payments stop at death

Your client plans to retire at age 50. He would like to purchase an annuity that would provide income from the time he retires to the age when social security and other pension funds become available. What settlement option should he consider?

Annuity Certain

Which of the following provisions in annuity contracts allow the owner to surrender the annuity if interest rates drop to a certain level?

Bail-Out

Which of the following is NOT true regarding Equity Indexed Annuities?

They earn lower interst rates than fixed annuities.

The main difference between immediate and deferred annuities is

When the income payments begin.