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Author Question: Bridget started to fund a variable annuity. Three years later, she experienced financial difficulty. ... (Read 18 times)

809779

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on: Jul 11, 2018
Bridget started to fund a variable annuity. Three years later, she experienced financial difficulty. She called her agent and cancelled the contract. The insurer returned all but 4 percent of the account balance. The 4 percent kept by the insurer is a(n)
 
  A) account administration fee.
  B) investment management fee.
  C) front-end load.
  D) surrender charge.

Question 2

Which of the following statements is (are) true with respect to a joint-and-survivor annuity? I. Some joint-and-survivor annuities reduce the income payment after the first annuitant dies. II. No payments are made after the first annuitant dies.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


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aadams68

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: A


809779

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Reply 2 on: Jul 11, 2018
Excellent

rachel

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Reply 3 on: Yesterday
:D TYSM

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