HS-354 Final Quiz Round #2 questions
well answered already passed
A 65-year-old widow recently lost her husband. She is still working full-time, is planning to work
until 70, and is in excellent health. Her widow's benefit at full retirement age is 2500 a month
and her workers benefit at full retirement age is 1200 a month - correct answer ✔✔B) At full
retirement age, she should claim her widow's benefit
The answer is B. She should claim the widow's benefit at full retirement age since it is the
largest benefit and it is not eligible for deferral credits. She would not benefit from switching to
her workers benefit at 70 because the benefit is too small.
All of the following statements are true regarding current market trends with deferred income
annuities (DIAS) EXCEPT:
A) Significant differences in QLAC pricing between carriers can be observed in the marketplace.
B) Because of high current interest rates, companies are offering many new DIAS
C) DIAS are experiencing a wider acceptance by regulators as seen through the introduction of
Qualified Longevity Annuity Contracts
D) Newer DIAS offer more flexibility about the income start date. - correct answer ✔✔B)
Because of high interest rates, companies are offering many new DIAS.
The answer is B. DIAS are experiencing more awareness and acceptance by consumers, advisors,
and regulators. However, current interest rates have a lot of companies waiting on the rates to
change. There is also a move to more flexible and multi-purpose products in the market.
well answered already passed
A 65-year-old widow recently lost her husband. She is still working full-time, is planning to work
until 70, and is in excellent health. Her widow's benefit at full retirement age is 2500 a month
and her workers benefit at full retirement age is 1200 a month - correct answer ✔✔B) At full
retirement age, she should claim her widow's benefit
The answer is B. She should claim the widow's benefit at full retirement age since it is the
largest benefit and it is not eligible for deferral credits. She would not benefit from switching to
her workers benefit at 70 because the benefit is too small.
All of the following statements are true regarding current market trends with deferred income
annuities (DIAS) EXCEPT:
A) Significant differences in QLAC pricing between carriers can be observed in the marketplace.
B) Because of high current interest rates, companies are offering many new DIAS
C) DIAS are experiencing a wider acceptance by regulators as seen through the introduction of
Qualified Longevity Annuity Contracts
D) Newer DIAS offer more flexibility about the income start date. - correct answer ✔✔B)
Because of high interest rates, companies are offering many new DIAS.
The answer is B. DIAS are experiencing more awareness and acceptance by consumers, advisors,
and regulators. However, current interest rates have a lot of companies waiting on the rates to
change. There is also a move to more flexible and multi-purpose products in the market.
