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 153 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
Excellent

marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Refraction Through Uniform and Variable Thickness Glasses Refraction Through Uniform and Variable Thickness Glasses
How to solve a linear system when the variable is in the denominator position (Question 1 of 2) How to solve a linear system when the variable is in the denominator position (Question 1 of 2)
How to rearrange formulas to isolate for a variable How to rearrange formulas to isolate for a variable
How to convert verbal statements into algebraic equations (Part 3) How to convert verbal statements into algebraic equations (Part 3)
Periodic table of the elements Periodic table of the elements
Summary of Single Variable Discrete Models Summary of Single Variable Discrete Models
Video: Effect of blood chemistry - stimuli, hyperventilation response and hypoventilation response

For a complete list of videos, visit our video library