C4 TEST Annuities

Which of the following agencies regulate Variable Annuities?

Seven months after receiving monthly income from a life annuity, the annuitant marries and requests a change to Joint Survivor option. The insurer would do which of the following?

Social Security retirement benefits become available when a worker retires and has reached the age of at least:

Fixed annuity payouts are based upon all of the following factors EXCEPT?

The annuitant may be which of the following?

All of the following are annuity settlement options EXCEPT:

At retirement, a variable annuity would guarantee the annuitant which of the following?

The Social Security program provides all of the following types of benefits EXCEPT:

An Immediate Annuity is designed to provide each of the following features, EXCEPT:

A Fixed Period Annuity is which of the following?

An annuity is designed to do which of the following?

A non-qualified deferred annuity surrender value would equal the principal plus interest less which of the following?

Which of the following contracts requires that a series of benefit payments be made at specified intervals?

David purchased an annuity and received his first payment 30 days later. David purchased which type of annuity?

Which of the following annuities would provide the highest monthly income?

For any given amount of annuity, which settlement option would provide the greatest level of periodic income payments to the payee?

Who may a Single Premium Immediate Annuity be appropriate for?

Premium paid for a variable annuity less expenses equal which of the following?

Which is a characteristic of an Equity Indexed Annuity?

All of the following are true about annuities EXCEPT:

Variable Annuity payouts are adjusted based upon which of the following?

The Equity Index Annuity is designed to do which of the following?

A male and female, both age 31, contribute $100 per month to identical conventional annuities and 25 years later which of the following is correct?

Which Annuity is based on Units rather than specific amounts?

A conventional life annuity features which of the following? A conventional life annuity features which of the following?

In a fixed annuity, when benefits continue past the death of an annuitant, in the amount of the total premiums paid, it is said to be which of the following?

John has been receiving income from an immediate annuity he purchased several years ago. Upon his death, income payments continue to his widow for the remainder of her life. John purchased?

An individual has purchased an annuity to provide retirement income. The annuitant is concerned about losing the premium paid if death occurs before the retirement income installments equal the amount used to purchase the annuity. What can the annuitant purchase to be sure that the amount to be paid out will at least equal the amount paid in?

Which of the following best describes taxation during the accumulation period of an annuity? Which of the following best describes taxation during the accumulation period of an annuity? Which of the following best describes taxation during the accumulation period of an annuity? Which of the following best describes taxation during the accumulation period of an annuity?

An annuitant who is receiving payments from a variable annuity contract with a life annuity settlement option would be assured of which of the following? An annuitant who is receiving payments from a variable annuity contract with a life annuity settlement option would be assured of which of the following? An annuitant who is receiving payments from a variable annuity contract with a life annuity settlement option would be assured of which of the following?

During the Pay-In period of an Annuity, who controls the account?

In regards to the accumulation period, which of the following statements is trueIn regards to the accumulation period, which of the following statements is trueIn regards to the accumulation period, which of the following statements is trueIn regards to the accumulation period, which of the following statements is trueIn regards to the accumulation period, which of the following statements is trueIn regards to the accumulation period, which of the following statements is true

A contract designed to provide the owner with a Guaranteed Monthly Income is:

One of the purposes of a Deferred Annuity is to:

Your client has a large sum of money to invest from the proceeds of the sale of his home. If he wants to purchase an annuity and start receiving payments now, what would you suggest?

Systematic liquidation of a principal sum is the basic function of:

A Single Premium Deferred Annuity having a Back-End Load must be disclosed as which of the following?

What is the purpose of a Market Value Adjusted Annuity?

An advantage of the Exclusion Ratio would be expressed by which of the following?