Webce annuity course Exam Questions and
Answers with Verified Solutions | Latest
Updated 2026
CDs certificate of deposit
Annuity Suitable for accumulating funds for the
future,
creates income stream that cannot be
outlived
Annuities are credited with a The performance of investments in which
certain rate of interest earnings in they
relation to are deposited
Funds accumulate in an annuity Tax deferred basis
on
a
Annuitization The point at which funds accumulated in
an
annuity are converted into periodic income
payments beginning the annuity phase.
Annuities can serve as both Asset accumulation & asset distribution
vehicles
, 4 parties to an annuity contract -contract owner
-annuitant
-beneficiary
-insurer
Joint annuities are usually limited Spouses
to
Once annuitization begins, the The owners rights end
contract is in liquidation mode
and
Annuitant Person whose life the annuity and income
payments are based on
Owner-Driven Annuity (OD) Pays the death benefit when the owner
dies
Annuitant-Driven Annuity(AD) Pays the death benefit when either the
owner
or annuitant dies
Immediate Annuity A lump-sum annuity on which the income
payments to the annuitant begin at once
Single premium immediate annuity Are variable or fixed
(SPIAs) generate income stream
that
Variable Income streams Increase or decrease according to
performance of investment accounts
Answers with Verified Solutions | Latest
Updated 2026
CDs certificate of deposit
Annuity Suitable for accumulating funds for the
future,
creates income stream that cannot be
outlived
Annuities are credited with a The performance of investments in which
certain rate of interest earnings in they
relation to are deposited
Funds accumulate in an annuity Tax deferred basis
on
a
Annuitization The point at which funds accumulated in
an
annuity are converted into periodic income
payments beginning the annuity phase.
Annuities can serve as both Asset accumulation & asset distribution
vehicles
, 4 parties to an annuity contract -contract owner
-annuitant
-beneficiary
-insurer
Joint annuities are usually limited Spouses
to
Once annuitization begins, the The owners rights end
contract is in liquidation mode
and
Annuitant Person whose life the annuity and income
payments are based on
Owner-Driven Annuity (OD) Pays the death benefit when the owner
dies
Annuitant-Driven Annuity(AD) Pays the death benefit when either the
owner
or annuitant dies
Immediate Annuity A lump-sum annuity on which the income
payments to the annuitant begin at once
Single premium immediate annuity Are variable or fixed
(SPIAs) generate income stream
that
Variable Income streams Increase or decrease according to
performance of investment accounts
