Florida Life and Variable Annuity Latest 2024 100% Pass

Florida Life and Variable Annuity Latest 2024 100% Pass variable annuity there is no guarantee of the dollar amount of the payments, they fluctuate according to the value of an account vest primarly in common stocks join and survivor annuity covers two or more lives and contiunes in force so long as any one of them survives period certain annuity annuity imcome option that guarantees a definite minimum peroid of payments life annuity payable during the continued life of the annuitant. No provision is made for the guaranteed return of the unused portion of the premium installment refund annuity annuity income option that provies for the funds remaing at the annuiants death to be paid to the beneficiary in the form of continued annity payments immediate annuity only be purchased with single payment. provides payment of annuity benefit at one payment interval from date of purchase equity indexed annuities (EIA) fixed annuity that offers the potential for higher credited rates of return that their traditional counterparts but also guarantee the owners principal deferred annuity provides postponment of the commencemnt of an annity until after a specified peroid or until the annuiant attains a certain age. annuiant one to who an annuity is payable, or a person upon the contiuance of whoes life further payment depends accumulation period of an annuity the time during which funds are being paid into the annuity payout (annuity period) the point at which the annuity ceases to be an accumulation vehicle and beings to generate benefit payments on a regular basis. funding method of annuity single lump-sum payment or periodic payment over time principal sum beginning sum of money single-premium deferred annuities annuities funded with single premiums assigment provision sets forth the procedure necessary for ownership transfer *transfer is known as assignment *new owner is the assignee *insureable interest does not have to exist between the insured and the asignee *asignee granted all rights of policy ownership, including right to name beneficiary. preferred risk exceptionally good risk *lower preimums *personal characteristics-non smoker, weight within ideal range, favorable cholestrol levels standard risk individuals who fit in the insure