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Author Question: Under an equity-indexed annuity, what name is given to the percentage increase in the stock index ... (Read 197 times)

kfurse

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on: Jul 11, 2018
Under an equity-indexed annuity, what name is given to the percentage increase in the stock index that is credited to the contract?
 
  A) the expense rate
  B) the exclusion ratio
  C) the indexing method
  D) the participation rate

Question 2

Which of the following statements regarding the taxation of individual annuities is (are) true?
 
  I. The exclusion ratio is the percentage of the annuity income that is taxable.
  II. After the net cost of the annuity has been paid to the annuitant, the total annuity payment is taxable.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


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Moriaki

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

Answer: D

Answer to Question 2

Answer: B


kfurse

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Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review

covalentbond

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Reply 3 on: Yesterday
:D TYSM

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