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Exam (elaborations)

XCEL CHAPTER 9 EXAM 2025 QUESTIONS AND ANSWERS

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Kathy's annuity is currently experiencing tax-deferred growth until she retires. Which phase is this annuity in? A. Payout period B. Accumulation period C. Deferred period D. Growth period - ANS Accumulation period Maria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called? variable payout fixed accumulation interest guaranteed annuity certain - ANS Annuity certain An annuity is primarily used to provide? A. retirement income B. disability income C. long-term care benefits D. death benefits - ANS retirement income What is the primary reaso

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Uploaded on
August 9, 2025
Number of pages
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Written in
2025/2026
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XCEL CHAPTER 9 EXAM 2025
QUESTIONS AND ANSWERS


Kathy's annuity is currently experiencing tax-deferred growth until she retires. Which phase is
this annuity in?
A. Payout period
B. Accumulation period
C. Deferred period

D. Growth period - ANS Accumulation period


Maria would like an annuity that provides a guaranteed accumulation or payout. The type of
annuity she is seeking is called?
variable payout
fixed accumulation
interest guaranteed

annuity certain - ANS Annuity certain


An annuity is primarily used to provide?
A. retirement income
B. disability income
C. long-term care benefits

D. death benefits - ANS retirement income


What is the primary reason for buying an annuity?

1 @COPYRIGHT THEBRIGHT 2025/2026

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