MI VARIABLE LIFE AND ANNUITIES PRODUCER

A variable annuity has a payout that is - Answer-Contingent upon the profitability of the investment portfolio Which of the following would be considered the largest cost incurred on the value of a variable annuity? a) the cost of insurance b) Mortality fee c) Investment management fee d) Administrative expenses - Answer-c) Investment management fee The two main categories of policy loan interest rates are - Answer-Fixed and variable Which of the following types of policies would allow a policyowner to choose a premium amount payment schedule? a) Fixed premium b) Indeterminate premium c) Flexible premium d) Initial premium - Answer-c) Flexible premium SIMPLE Plans require all of the following EXCEPT a) Employees must receive a minimum of $5,000 in annual compensation. b) At least 1,000 employees. c) No other qualified plan can be used. d) No more than 100 employees/ - Answer-b) At least 1,000 employees. Employer contributions made to a qualified plan - Answer-Are subject to vesting requirements Which of the following is used to determine interest rates on variable products? - Answer