Annuity 8-Hour Training Course Flashcards
How do immediate and deferred annuities differ?
Concerning the risk of “variable annuities’ which of the
following are important to keep in mind
D
In owners driven annuity contracts, benefits are based on something happening to the
Owner
The downside of buying annuities and Retirement is
Knowing the difference between two products you sell is a legal responsibility as proved in
In a fixed annuity, investment, authorize, and risk our responsibility of
Insurance company
When the owner of a nonqualified annuity dies, his entire death benefit must be distributed within _____years
The rule of 72 is useful to quickly tell how long it will take invested money to double with________
No tax or deferred tax
Advertising to seniors is defined as the use of envelope, stationary, business cards, or other materials, design to________
Describe, or encourage the purchase of an annuity
Disadvantages of owning annuities for people over 60 include
D.
Which of the following or symptoms that a senior judgment and mental capacity is reduced or impaired
All
A refund option provides that the company will pay out and amount equal to________
Total dollar paid as premiumS
Agents advertising, a seminar or class about annuities must also add the words__________
Gang from variable annuities, like mutual funds, is Count by the owner. If investment plummeted, then.__________
Portfolios, annuities, renewal rates are based on________
The exclusion rate compute the amount of each annuity payment that__________
The concept behind dollar cost averaging is the spreading purchase overtime will average out________
A crisis waiver allows the waiver of_______ should an owner illness of develop
Reasonable Expectation theory states that if carbage or benefits, or implied to a reasonable person, but not in the language of the policy, then__________
The distribution of annual contract homes inside a qualified plan_________
The rule of 108 calculate the amount of time it takes for_________
To justify the replacement of a contract, experts, believe there should be________ because of the associated cost
Post retirement planning doesn’t end with a client retires because he must________
Needs analysis helps to Agent sells the right amount of insurance for_________
Variable, annuities, free, look provision, require that premiums doing the first 30 days should be________
And a new event, driven contract basis, benefits on something happening to the death, disability, or age of the_________
The NAIC recommend that annuities sold into a qualified retirement plan includes a disclosure that_________
A misleading advertisement might include which of the following:
Direct Miller’s design to produce leaves from seniors must now disclose that_______ if it is the case
A period certain annuity option refers to a guarantee of payment for________, even if the annuitant dies before the end of this period.
New, in-home solicitation rules require agents to________
A deaf waiver passes on the full account value, if an owner dies__________
A bandit or new money, annuity company is described by which of the following
One investor consideration of variant annuities is the fact that they have the potential to be__________ Dan conventional savings or fixed annuities
A typical living benefit guarantees from an Ensure might promise to__________ regardless of how the investment account performs
