STC SERIES 66 FINAL #1 AND 2 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

STC SERIES 66 FINAL #1 AND 2 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS A client purchases an equity-indexed annuity contract that guarantees a 4% return or 80% of the performance of the S&P 500, whichever is greater. The index declines over the course of the next year. What return will your client receive? - Answer -4% An equity-indexed annuity guarantees the contract owner a minimum interest rate or the performance of a stock index such as the S&P 500 Index. If the return on this index is less than the guaranteed rate, the owner receives the guaranteed rate. If the index return is greater than the guarantee, the owner receives the greater return. (62437) The investment policy statement of a qualified retirement plan states that no more than 50% of the plan's assets may be invested in stocks. The investment manager places 65% of the plan's assets in stocks in order to take advantage of a bull market and increase the value of theNeed assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: plan's assets. Has the investment manager violated the fiduciary responsibility provisions of ERISA? - Answer -Yes, since the investment manager did not follow the stipulations of the investment policy statement This is an actual court case. The plan's trustees sued the investment manager who was held liable even though the plan's assets increased. (62146)