Exam (elaborations)

ANNUITIES CE QUESTIONS AND ANSWERS

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ANNUITIES CE QUESTIONS AND ANSWERS

Institution

8-Hour Annuity Training Course 2025

Course

8-Hour Annuity Training Course 2025

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ANNUITIES CE QUESTIONS AND
ANSWERS
Whichyhofyhtheyhfollowingyhisyhayhpurposeyhofyhtheyhannuity?

A.yhTheyhreplacementyhofyhearningsyhuponyhtheyhdisabilityyhofyhanyhindividual
B.yhTheyhdistributionyhofyhayhlifetimeyhincome
C.yhTheyhdiscountingyhofyhayhprincipalyhsumyhbackyhtoyhitsyhpresentyhvalue
D.yhTheyhcreationyhofyhayhfundyhatyhtheyhearthyhofyhanyhindividualyh-yhanswer--B

Why:yhtheyhpurposeyhofyhanyhannuityyhisyhtheyhdistributionyhofyhayhlifetimeyhincome

Annuityyhpurchasersyhtransferyhtoyhanyhinsuranceyhcompanyyhtheiryhriskyhof

A.yhOutlivingyhtheiryhfinancialyhresources
B.yhBecomingyhuninsurable
C.yhDyingyhprematurely
D.yhHavingyhtoyhpayyhunexpectedlyyhhighyhestateyhtaxesyh-yhanswer--A

Why:yhwhenyhpeopleyhpurchaseyhannuities,yhtheyyhtransferyhtheyhriskyhofyhoutlivingyhtheiryhfi
nancialyhresourcesyhtoyhanyhinsuranceyhcompany

Underyhwhichyhofyhtheyhfollowingyhpayoutyhoptionsyhareyhpaymentsyhmadeyhregardlessyhofy
hhowyhlongyhtheyhannuitantyhlives?

A.yhFixedyhperiodyhpayments
B.yhInterestyhonlyyhpayments
C.yhLifeyhannuityyhpayments
D.yhFixedyhamountyhpaymentsyh-yhanswer--C

Why:yhlifeyhannuityyhpaymentsyhareyhmadeyhregardlessyhofyhhowyhlongyhtheyhannuitantyhliv
es

Anyhannuityyhisyhsometimesyhcalledyhtheyhflipyhsideyhofyh

A.yhQualifiedyhretirementyhplans
B.yhSocialyhsecurity
C.yhLifeyhinsurance
D.yhCompoundingyh-yhanswer--C

Why:yhtheyhflipyhsideyhofyhanyhannuityyhisyhlifeyhinsurance

Whoyhreceivesyhlifetimeyhpaymentsyhfromyhanyhannuity?

A.yhAyhbeneficiary

, B.yhAyhtrustee
C.yhAnyhexecutor
D.yhAnyhannuitantyh-yhanswer--D

Why:yhanyhannuityyhcontractyhowneryhnamesyhtheyhannuitant,yhwhoyhreceivesyhlifetimeyhpa
ymentsyhfromyhtheyhannuity.yhUsually,yhtheyhcontractyhowneryhandyhtheyhannuitantyhareyhth
eyhsameyhperson.yhTheyhcontractyhowneryhalsoyhnamesyhayhbeneficiary,yhwhoyhreceivesyha
nyyhsurvivoryhbenefitsyhpayableyhunderyhtheyhannuityyhuponyhtheyhannuitant'syhdeath.

Anyhannuityyhpurchasedyhwithyhayhsingleyhpremiumyhtoyhbeginyhprovidingyhincomeyhoneyhp
aymentyhintervalyhinyhtheyhfutureyhisyhcalled

A.yhAyhfixedyhannuity
B.yhAnyhimmediateyhannuity
C.yhAyhvariableyhannuity
D.yhAyhdeferredyhannuityyh-yhanswer--B

Why:yhanyhimmediateyhannuityyhisyhpurchasedyhwithyhayhsingleyhpremiumyhandyhbeginsyhpr
ovidingyhincomeyhoneyhpaymentyhintervalyhinyhtheyhfuture

Theyhtypeyhofyhannuityyhthatyhguaranteesyhayhminimumyhrateyhofyhreturnyhis

A.yhTheyhvariableyhannuity
B.yhTheyhfixedyhannuity
C.yhTheyhimmediateyhannuity
D.yhTheyhdeferredyhannuityyh-yhanswer--B

Why:yhtheyhfixedyhannuityyhguaranteesyhayhminimumyhrateyhofyhreturn

Theyhrateyhofyhreturnyhonyhayhvariableyhannuityyhisyh

A.yhTiedyhtoyhtheyhperformanceyhofyhsecuritiesyhinyhtheyhinsurer'syhseparateyhaccount
B.yhVariableyhwithinyhayhspecifiedyhnumberyhofyhpercentageyhpoints
C.yhFlexibleyhbutyhguaranteedyhtoyhbeyhnoyhlessyhthanyhtheyhminimumyhrateyhspecifiedyhinyht
heyhcontract
D.yhGuaranteedyhtoyhreflectyhactivityyhonyhtheyhNewyhYorkyhStockyhExchangeyh-yhanswer--
A

Why:yhayhvariableyhannuity'syhrateyhofyhreturnyhisyhtiedyhtoyhtheyhperformanceyhofyhsecurities
yhinyhtheyhinsurer'syhseparateyhaccount

Anyhindividualyhwhoyhwantsyhtheyhpotentialyhforyhhedgingyhagainstyhinflationyhwithyhmoneyyh
investedyhinyhanyhannuityyhshouldyhchoose

A.yhAyhvariableyhannuity
B.yhAyhsplit-dollaryhannuity
C.yhAyhfixedyhannuity
D.yhAnyhimmediateyhannuityyh-yhanswer--A

Why:yhayhvariableyhannuityyhallowsyhanyhindividualyhtoyhhedgeyhagainstyhinflation

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Type: Exam (elaborations)
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annuities ce questions and answers

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ANNUITIES CE QUESTIONS AND ANSWERS

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