Which of the following is true regarding the annuity period

13. Which of the following is true concerning the annuity contract? a. at the beginning of the accumulation phase, the annuitant irrevocably selects the distribution method for the liquidation phase b. the accumulation phase must be a long period of time C. the annuitant generally can elect to begin to distribute the accumulated funds at any age d. annuitants always receive back all money paid into the annuity contract 14. Which of the following does not influence how an insurer calculates monthly annuity benefits? a. age d. number of years worked b. sex e. interest rates c. amount of premium the annuitant has paid 15. A life annuity which pays nothing to the beneficiary upon the annuitants death is the a. period certain annuity d. joint-and-last survivor annuity b. straight life on pure annuity c. premium refund annuity 16. A life annuity with five years certain, pays: a. annuity for 5 years or until annuitants death, whichever event happens last b. annuity payments for only the first 5 years of retirement c. annuity payment only if the insured dies within the first five years d. annuity payment for 5 years or until the annuitants death, which ever event happens first 13. Which regarding the after holds true in regards to the annuity agreement? a. at the start of the buildup period, the annuitant irrevocably chooses the circulation way for the liquidation period b. the buildup period needs to be an extended time period C. the annuitant usually can elect to start to circulate the gathered resources at all ages d. annuitants constantly obtain straight back all cash compensated in to the annuity agreement 14. Which regarding the after cannot affect exactly how an insurer determines month-to-month annuity advantages? a. age d. period of time worked b. intercourse age. rates of interest c. level of advanced the annuitant has actually compensated 15. A life annuity which will pay absolutely nothing to the beneficiary upon the annuitant’s demise may be the a. duration particular annuity d. joint-and-last survivor annuity b. right life on pure annuity c. advanced reimbursement annuity 16. A life annuity with 5 years particular, will pay: a. annuity for five years or until annuitants demise, whichever occasion takes place final b. annuity repayments just for the very first five years of pension c. annuity repayment as long as the guaranteed dies in the very first 5 years d. annuity repayment for five years or before the annuitant’s demise, which occasion takes place very first

13) A) at the start of the buildup period, the
annuitant irrevocably chooses the circulation way for the
liquidation period.
Explanation: An annuitant needs to determine while using an annuity
that the way the commission are going to be for example. the payouts are going to be till the full time
he’s live or it’s going to carry on till particular age despite their
demise and beneficiary are certain to get the repayment.
Annuitant cannot pick any moment for circulation, as some
annuities have actually minimal age for commission. Annuitants may well not obtain
all cash compensated by all of them in an annuity agreement should they perish
prior to the agreement, considering that the cash would go to the beneficiary and
maybe not the annuitant.
14) D) period of time worked
Explanation: The annuity advantage is afflicted with age, intercourse,
advanced compensated, interest however by period of time worked.
15) B) directly life on pure annuity
Description: it really is an annuity which cannot spend almost anything to the
beneficiary on annuitants demise.
16) A) annuity for five years or until annuitants demise,
whichever comes past
description: in case there is a life particular annuity, the annuitant is
given out until their demise. If annuitant outlives their earnings or
in this situation crosses five years will nevertheless teceive payouts, therefore the
payouts into the beneficiary are going to be terminated.

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