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Series 7 Key Concepts > Unit 9 Insurance Company Products > Flashcards

Unit 9 Insurance Company Products Flashcards

1
Q

Combination Annuity

A

both fixed and variable annuity
general account and separate account

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2
Q

Surrendering annuity before 59.5 results in…

A

ordinary income tax plus 10% on the appreciation

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3
Q

Guarantees or ratings of variable life and variable annuity products are base on…

A

claim-spaying ability

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4
Q

Hypothetical illustrations showing potential returns for variable life insurance max rate assumption:

A

12% gross rate

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Series 7 Key Concepts (20 decks)

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