©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
8-Hour Annuity Training Course Exam
Questions and Answers 100% Solved
Who bears the risk of principal loss in a variable annuity with respect to
funds the owner has allocated to the separate account? - ✔✔the insurer
If a consumer wants to receive monthly periodic payments from an annuity
beginning in one month, what kind of annuity should he or she buy? -
✔✔immediate
California Insurance Code Section 787(b) defines advertising broadly,
when targeted to people age 65 or older, and includes all of the following
EXCEPT: - ✔✔beneficiary change forms
All of the following are crisis conditions for which insurers will normally
waive surrender charges under an annuity surrender charge waiver rider
EXCEPT: - ✔✔declaring bankruptcy
Shirley is a teacher in a public school and allocates part of her salary to a
retirement plan available only to non-profit organizations and public school
, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
employees. Under what kind of retirement plan is she covered? - ✔✔a
defined benefit plan
For what period do surrender charges normally apply in a seven year multi-
year guarantee annuity? - ✔✔three years
What is the minimum period that must normally elapse between an agent's
delivery of a written notice to a senior concerning an appointment and the
time that an agent meets in the senior's home? - ✔✔24 hours
On what date are periodic payments under a deferred annuity scheduled to
begin? - ✔✔annuity starting date
Which of the following allocation options in a variable annuity guarantees
principal and a minimum interest crediting rate but is not a variable
subaccount in an insurer's separate account? - ✔✔the common stock
account
A(n) _____ is a measure of performance of certain stocks that are included
in a particular portfolio in relation to a base value established earlier. -
✔✔equity index
Audrey applied for Medi-Cal and notified the state that she prohibits the
state from becoming a remainder beneficiary of her annuity. In what will
8-Hour Annuity Training Course Exam
Questions and Answers 100% Solved
Who bears the risk of principal loss in a variable annuity with respect to
funds the owner has allocated to the separate account? - ✔✔the insurer
If a consumer wants to receive monthly periodic payments from an annuity
beginning in one month, what kind of annuity should he or she buy? -
✔✔immediate
California Insurance Code Section 787(b) defines advertising broadly,
when targeted to people age 65 or older, and includes all of the following
EXCEPT: - ✔✔beneficiary change forms
All of the following are crisis conditions for which insurers will normally
waive surrender charges under an annuity surrender charge waiver rider
EXCEPT: - ✔✔declaring bankruptcy
Shirley is a teacher in a public school and allocates part of her salary to a
retirement plan available only to non-profit organizations and public school
, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
employees. Under what kind of retirement plan is she covered? - ✔✔a
defined benefit plan
For what period do surrender charges normally apply in a seven year multi-
year guarantee annuity? - ✔✔three years
What is the minimum period that must normally elapse between an agent's
delivery of a written notice to a senior concerning an appointment and the
time that an agent meets in the senior's home? - ✔✔24 hours
On what date are periodic payments under a deferred annuity scheduled to
begin? - ✔✔annuity starting date
Which of the following allocation options in a variable annuity guarantees
principal and a minimum interest crediting rate but is not a variable
subaccount in an insurer's separate account? - ✔✔the common stock
account
A(n) _____ is a measure of performance of certain stocks that are included
in a particular portfolio in relation to a base value established earlier. -
✔✔equity index
Audrey applied for Medi-Cal and notified the state that she prohibits the
state from becoming a remainder beneficiary of her annuity. In what will
