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XCEL CHAPTER 8 EXAM 2025 QUESTIONS AND ANSWERS

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Who assumes the investment risk with a fixed annuity contract? - ANS The insurer (It is the insurance company that bears the investment risk of a fixed annuity. The insurance company guarantees the annuitant's principal as well as a guaranteed minimum rate of return, even if the underlying assets underperform the guaranteed rate.) How do interest earnings accumulate in a deferred annuity? - ANS On a tax-deferred basis An annuitant is guaranteed to NOT outlive their benefits with a(n) - ANS Guaranteed lifetime withdrawal benefit What happens to interest earned if the annuitant dies before the payout start date? - ANS It is taxable Which of these annuities require premium payments that vary from year to year? - ANS Flexible premium deferred annuity An annuitant dies during the distribution period. What kind of annuity will return to a beneficiary the difference between the annuity value and the income payments already made? - ANS Refund annuity An annuity is primaril

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xcel chapter 8 exam 2025 questions and answers

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XCEL CHAPTER 8 EXAM 2025
QUESTIONS AND ANSWERS

Who assumes the investment risk with a fixed annuity contract? - ANS The insurer
(It is the insurance company that bears the investment risk of a fixed annuity. The insurance
company guarantees the annuitant's principal as well as a guaranteed minimum rate of return,
even if the underlying assets underperform the guaranteed rate.)

How do interest earnings accumulate in a deferred annuity? - ANS On a tax-deferred basis

An annuitant is guaranteed to NOT outlive their benefits with a(n) - ANS Guaranteed lifetime
withdrawal benefit

What happens to interest earned if the annuitant dies before the payout start date? - ANS It
is taxable

Which of these annuities require premium payments that vary from year to year? -
ANS Flexible premium deferred annuity

An annuitant dies during the distribution period. What kind of annuity will return to a
beneficiary the difference between the annuity value and the income payments already made?
- ANS Refund annuity

An annuity is primarily used to provide - ANS retirement income

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XCEL CHAPTER 8 EXAM 2025 QUESTIONS AND ANSWERS

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