8/12/25, 5:56 PM NWM Chapter 9 review
NWM Chapter 9 review latest exam questions with
verified 100% correct answers | LATEST UPDATE
STUDY GUIDE AND PRACTICE BANK 2025-2026
Sarah, age 88, is a life not distributed to life annuitants who died before life
annuitant who has lived expectancy
beyond her life expectancy.
The funds for additional
benefit payments will be
derived primarily from
funds that were
A large corporation Group deferred annuity
pension plan purchased an
accumulation annuity
contract where all of the
participating employees
received certificates of
participation. What is this
contract called?
Who typically makes the Owner
purchase payments in an
individual annuity?
/ 1/1
0
, 8/12/25, 5:56 PM NWM Chapter 9 review
A life annuity with period guaranteeing benefit payments for a stated minimum
certain is characterized as number of years
An individual, age 45, Deferred annuity
would like to help pay for
his daughter's college
expenses in 10 years.
Which annuity would be
appropriate for this individual?
During an annuity's receives benefit payments at regular intervals
liquidation phase, the
annuitant normally
When a deferred annuity is Owner
surrendered,
who must sign the
authorization to do so?
Which of the following A parent saving for a child's college
would NOT be appropriate
for an immediate annuity?
Which annuity allows Deferred
contributions to an IRA?
An insurer will typically Surrender charge
assess a back-end load on
a deferred annuity that is
cancelled during the early
contract years. What is this
back-end load referred to as?
Which of the following would Retiree having a lump sum to invest
most likely purchase an
immediate annuity?
The exclusion ratio determines the amount of an annuity payment subject to income tax
When does interest income Upon receiving distributions from the contract
for a flexible
premium deferred annuity
get reported for federal
income taxes?
/ 2/1
0
NWM Chapter 9 review latest exam questions with
verified 100% correct answers | LATEST UPDATE
STUDY GUIDE AND PRACTICE BANK 2025-2026
Sarah, age 88, is a life not distributed to life annuitants who died before life
annuitant who has lived expectancy
beyond her life expectancy.
The funds for additional
benefit payments will be
derived primarily from
funds that were
A large corporation Group deferred annuity
pension plan purchased an
accumulation annuity
contract where all of the
participating employees
received certificates of
participation. What is this
contract called?
Who typically makes the Owner
purchase payments in an
individual annuity?
/ 1/1
0
, 8/12/25, 5:56 PM NWM Chapter 9 review
A life annuity with period guaranteeing benefit payments for a stated minimum
certain is characterized as number of years
An individual, age 45, Deferred annuity
would like to help pay for
his daughter's college
expenses in 10 years.
Which annuity would be
appropriate for this individual?
During an annuity's receives benefit payments at regular intervals
liquidation phase, the
annuitant normally
When a deferred annuity is Owner
surrendered,
who must sign the
authorization to do so?
Which of the following A parent saving for a child's college
would NOT be appropriate
for an immediate annuity?
Which annuity allows Deferred
contributions to an IRA?
An insurer will typically Surrender charge
assess a back-end load on
a deferred annuity that is
cancelled during the early
contract years. What is this
back-end load referred to as?
Which of the following would Retiree having a lump sum to invest
most likely purchase an
immediate annuity?
The exclusion ratio determines the amount of an annuity payment subject to income tax
When does interest income Upon receiving distributions from the contract
for a flexible
premium deferred annuity
get reported for federal
income taxes?
/ 2/1
0
