Bảo hiểm nhân thọ nhóm & Niên kimCâu 442 / 716
A surrender charge in a deferred annuity is:
a.A bonus the insurer credits at issue
b.A tax penalty imposed directly by the federal government on any early distribution taken before the contract matures
c.The commission paid to the selling producer
d.A fee the insurer deducts if the owner withdraws more than the allowed amount during the early contract years
Giải thích
A surrender charge is a fee the insurer applies when the owner takes out more than the contract permits (or fully surrenders) during the surrender charge period, which usually declines to zero over a set number of years. It is not a government tax penalty (a separate 10 percent IRS penalty may apply before age 59 1/2), not the producer's commission, and not a credited bonus. Surrender charges let the insurer recover early costs and discourage quick withdrawals.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- Under a 'cash refund' life annuity option, if the annuitant dies before receiving payments equal to the amount paid in, the beneficiary receives:
- A 'joint and survivor' annuity continues payments:
- Which annuity payout option provides the largest periodic income for a given amount of money?
- An immediate annuity (SPIA) is funded with:
- A key advantage of an annuity's accumulation phase is that the earnings:
- When recommending an annuity, a producer must assess suitability, which includes considering the client's:
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Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)