This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements about variable annuities is true? A) The periodic payments ... (Read 151 times)

mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
on: Jul 11, 2018
Which of the following statements about variable annuities is true?
 
  A) The periodic payments received by the annuitant are fixed.
  B) Variable annuities typically provide a guaranteed death benefit payable to a beneficiary if the annuitant dies prior to retirement.
  C) Insurers offering variable annuities are not permitted to charge administrative fees.
  D) Although the value of annuity units fluctuates, accumulation units have a fixed value.

Question 2

Which of the following statements is (are) true with respect to an equity-indexed annuity?
 
  I. The maximum percentage gain is usually capped.
  II. There is no downside protection against loss of principal if the annuity is held to term.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: A


mikaylakyoung

  • Member
  • Posts: 531
Reply 2 on: Jul 11, 2018
Gracias!

bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Refraction Through Uniform and Variable Thickness Glasses Refraction Through Uniform and Variable Thickness Glasses
Variable Gases: Methane Variable Gases: Methane
Periodic Function p2 Periodic Function p2
Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ... Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ...
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Variable expressivity of Waardenburg syndrome Variable expressivity of Waardenburg syndrome
Video: Phases of an Action Potential - Resting Potential, Threshold, Rising, Falling, & Recovery Phases

For a complete list of videos, visit our video library