Unit 9 Insurance Company Products Flashcards
1
Q
Combination Annuity
A
both fixed and variable annuity
general account and separate account
2
Q
Surrendering annuity before 59.5 results in…
A
ordinary income tax plus 10% on the appreciation
3
Q
Guarantees or ratings of variable life and variable annuity products are base on…
A
claim-spaying ability
4
Q
Hypothetical illustrations showing potential returns for variable life insurance max rate assumption:
A
12% gross rate
