B)cost of living. Full-Time. A) Fixed annuities. Question #15 of 48Question ID: 606804 D) the number of annuity units becomes fixed when the contract is annuitized. Though there is no beneficiary designation during the annuitization, this is not an issue for this annuitant. When the first party dies, the annuity payment is made to the survivor. Word bank:Fixed, Variable Fixedannuities provide a guaranteed rate of return, whereas Variableannuities provide conservative to aggressive investments whose rates of return are not guaranteed. A customer has an investment objective of keeping pace with inflation while assuming moderate risk. What are the characteristics of fixed annuities? - InsuranceQnA The nature of the securities invested in-bonds and growth stocks-makes it necessary that sales representatives and their principals be licensed in securities as well as insurance. "Variable Annuities: What You Should Know," Page 6. B) I and IV. B)Value of each annuity unit each month. Variable annuities should be considered long-term investments due to the limitations on withdrawals. B) 100% taxable. If the contract holder dies before the period expires, the remaining payments are made to the beneficiary. MetLife offers a comprehensive benefits program, including healthcare benefits, life insurance, retirement benefits, parental leave, legal plan services and paid time off. C)Mortality risk. C) taxed as ordinary income only to the extent of earnings. Which of the following is NOT an accurate statement concerning a variable life insurance contract? Here is how guaranteed lifetime annuities work. A)an accounting measure used to determine the contract owner's interest in the separate account. C)100% tax deferred. FINRA. *Contributions to a nonqualified variable annuity are not tax deductible. Reference: 12.2.1 in the License Exam. used for the investment of funds paid by contract holders. The LATF-adopted ILVA Actuarial Guideline has an effective date of July 1, 2024 for contracts, riders or endorsements issued on or after that date. variable An immediate annuity consists of a Single Premium T has an annuity that guarantees an income payment for the rest of his life. C) 100% tax free. B) During the accumulation period. 111. D)the state insurance department. variable annuity without paying tax at the time of the transfer. Can I Borrow from My Annuity for a House Down Payment? Uses in Investing, Pros, and Cons, Indexed Annuity: Definition, How It Works, Yields, and Caps. Contributions to an IRA may be tax deductible, depending on the individual's earnings and participation in a company-sponsored qualified retirement plan. 6102.0.55.001 - Labour Statistics: Concepts, Sources and Methods, Dec 2005 C)III and IV B) accumulation units. D) periodic payment deferred annuity.
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