Annuity 8-Hour Training Course

Question 1

How do immediate and deferred annuities differ?

Question 2

Concerning the risk of “variable annuities’ which of the
following are important to keep in mind

Answer 2

D

Question 3

In owners driven annuity contracts, benefits are based on something happening to the

Answer 3

Owner

Question 4

The downside of buying annuities and Retirement is

Question 5

Knowing the difference between two products you sell is a legal responsibility as proved in

Question 6

In a fixed annuity, investment, authorize, and risk our responsibility of

Answer 6

Insurance company

Question 7

When the owner of a nonqualified annuity dies, his entire death benefit must be distributed within _____years

Question 8

The rule of 72 is useful to quickly tell how long it will take invested money to double with________

Answer 8

No tax or deferred tax

Question 9

Advertising to seniors is defined as the use of envelope, stationary, business cards, or other materials, design to________

Answer 9

Describe, or encourage the purchase of an annuity

Question 10

Disadvantages of owning annuities for people over 60 include

Answer 10

D.

Question 11

Which of the following or symptoms that a senior judgment and mental capacity is reduced or impaired

Answer 11

All

Question 12

A refund option provides that the company will pay out and amount equal to________

Answer 12

Total dollar paid as premiumS

Question 13

Agents advertising, a seminar or class about annuities must also add the words__________

Question 14

Gang from variable annuities, like mutual funds, is Count by the owner. If investment plummeted, then.__________

Question 15

Portfolios, annuities, renewal rates are based on________

Question 16

The exclusion rate compute the amount of each annuity payment that__________

Question 17

The concept behind dollar cost averaging is the spreading purchase overtime will average out________

Question 18

A crisis waiver allows the waiver of_______ should an owner illness of develop

Question 19

Reasonable Expectation theory states that if carbage or benefits, or implied to a reasonable person, but not in the language of the policy, then__________

Question 20

The distribution of annual contract homes inside a qualified plan_________

Question 21

The rule of 108 calculate the amount of time it takes for_________

Question 22

To justify the replacement of a contract, experts, believe there should be________ because of the associated cost

Question 23

Post retirement planning doesn’t end with a client retires because he must________

Question 24

Needs analysis helps to Agent sells the right amount of insurance for_________

Question 25

Variable, annuities, free, look provision, require that premiums doing the first 30 days should be________

Question 26

And a new event, driven contract basis, benefits on something happening to the death, disability, or age of the_________

Question 27

The NAIC recommend that annuities sold into a qualified retirement plan includes a disclosure that_________

Question 28

A misleading advertisement might include which of the following:

Question 29

Direct Miller’s design to produce leaves from seniors must now disclose that_______ if it is the case

Question 30

A period certain annuity option refers to a guarantee of payment for________, even if the annuitant dies before the end of this period.

Question 31

New, in-home solicitation rules require agents to________

Question 32

A deaf waiver passes on the full account value, if an owner dies__________

Question 33

A bandit or new money, annuity company is described by which of the following

Question 34

One investor consideration of variant annuities is the fact that they have the potential to be__________ Dan conventional savings or fixed annuities

Question 35

A typical living benefit guarantees from an Ensure might promise to__________ regardless of how the investment account performs