ProductsPregunta 20 de 110
A married couple, both age 66, want annuity income that continues for as long as either of them is alive. Which settlement option fits?
a.Straight life on the older spouse
b.Life with 10-year period certain
c.Unit refund life annuity
d.Joint and last survivor
Explicación
A joint and last survivor option pays until the death of the second annuitant, which is exactly what the couple described. Straight life stops at the first death, leaving the survivor with nothing. A period certain or unit refund option guarantees only a limited number of payments or a return of principal, not lifetime income for the survivor.
Practica las 110 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- Which statement correctly distinguishes accumulation units from annuity units in a variable annuity?
- A variable annuity contract has an assumed interest rate (AIR) of 4%. In a month when the separate account earns 6%, the annuitant's next payment will:
- Which annuity payout option generally produces the largest monthly payment for a given account value?
- A surrender charge on a deferred variable annuity is best described as:
- A customer wants to move the full value of an existing non-qualified variable annuity into a different insurer's non-qualified annuity. Handled correctly, this transaction:
- Which of the following exchanges does NOT qualify for tax-free treatment under Section 1035?
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con FINRA Series 6 — Investment Company & Variable Contracts Rep · Cómo revisamos