Vida Grupal y AnualidadesPregunta 436 de 716
An equity-indexed (fixed indexed) annuity protects the owner against index losses by providing:
a.A death benefit that varies with the market
b.A guaranteed minimum floor, often zero percent, below which credited interest will not fall
c.Unlimited upside participation in the index with no cap or participation rate limiting the credited interest
d.Federal deposit insurance on the account
Explicación
A fixed indexed annuity credits interest linked to a market index but includes a guaranteed floor (commonly zero percent), so a down year in the index does not reduce the account value below that floor, offering downside protection. Its upside is not unlimited; it is limited by caps and participation rates. Its guarantees are not a variable death benefit, and it is not covered by federal deposit insurance. The floor is what shields the owner from index declines.
Practica las 716 preguntas gratis — sin registro.
Own the complete California Life & Health Insurance Producer Exam guide — PDF + EPUB, $19.99 →
Preguntas relacionadas de este tema
- In a fixed annuity, the premiums are held in the insurer's:
- During the accumulation phase of a variable annuity, the owner's payments purchase:
- During the payout phase of a variable annuity, the number of annuity units is generally fixed, yet the payment amount varies because:
- In an indexed annuity, the 'participation rate' determines:
- The 'life with period certain' annuity payout option pays income:
- Under a 'cash refund' life annuity option, if the annuitant dies before receiving payments equal to the amount paid in, the beneficiary receives:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Life & Health Insurance License Exam · Cómo revisamos
Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)