4-Hour Annuity Suitability and Best
Interest Standards Exam WebCE 2025
Expert Verified | Ace the Test
For whom is joint ownership of an annuity often reserved? - 🧠 ANSWER
✔✔spouses
At what point does the beneficiary to an annuity acquire rights in the
contract? - 🧠 ANSWER ✔✔(Wrong) upon contract issue and throughout the
life of the contract, until the death of the contract owner or annuitant
Generally speaking, how long is the accumulation period for immediate
annuities? - 🧠 ANSWER ✔✔one month to one year
, For which of the following needs are traditional deferred annuities best
suited? - 🧠 ANSWER ✔✔retirement planning
For what reason would an individual choose a variable annuity over a fixed
annuity? - 🧠 ANSWER ✔✔for the potential to earn greater contract growth
At the time he purchased his variable annuity, Ahmed directed $5,000 of
his premium into Subaccount A when the unit value was $10. A year later,
the unit value had increased to $15. Assuming he made no additional
premium deposits, what is the value of Ahmed's investment in Subaccount
A now? - 🧠 ANSWER ✔✔$7,500
For most indexed annuities, what is the specified floor? - 🧠 ANSWER ✔✔0
percent
Which feature of indexed annuities prevents any negative index returns
from affecting the contract's previously credited and accumulated values? -
🧠 ANSWER ✔✔the floor
At the age of 42, Steve purchased a fixed deferred annuity from Mega
Mutual Life with a single premium deposit of $10,000. The declared interest
rate on Steve's contract when it was issued was 5 percent, and the contract
guarantees a minimum rate of 3 percent. The initial declared rate is
Interest Standards Exam WebCE 2025
Expert Verified | Ace the Test
For whom is joint ownership of an annuity often reserved? - 🧠 ANSWER
✔✔spouses
At what point does the beneficiary to an annuity acquire rights in the
contract? - 🧠 ANSWER ✔✔(Wrong) upon contract issue and throughout the
life of the contract, until the death of the contract owner or annuitant
Generally speaking, how long is the accumulation period for immediate
annuities? - 🧠 ANSWER ✔✔one month to one year
, For which of the following needs are traditional deferred annuities best
suited? - 🧠 ANSWER ✔✔retirement planning
For what reason would an individual choose a variable annuity over a fixed
annuity? - 🧠 ANSWER ✔✔for the potential to earn greater contract growth
At the time he purchased his variable annuity, Ahmed directed $5,000 of
his premium into Subaccount A when the unit value was $10. A year later,
the unit value had increased to $15. Assuming he made no additional
premium deposits, what is the value of Ahmed's investment in Subaccount
A now? - 🧠 ANSWER ✔✔$7,500
For most indexed annuities, what is the specified floor? - 🧠 ANSWER ✔✔0
percent
Which feature of indexed annuities prevents any negative index returns
from affecting the contract's previously credited and accumulated values? -
🧠 ANSWER ✔✔the floor
At the age of 42, Steve purchased a fixed deferred annuity from Mega
Mutual Life with a single premium deposit of $10,000. The declared interest
rate on Steve's contract when it was issued was 5 percent, and the contract
guarantees a minimum rate of 3 percent. The initial declared rate is
