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