4-HOUR ANNUITY SUITABILITY AND BEST INTEREST STANDARDS EXAM WEBCE||CERTIFIED QUESTIONS WITH VERIFIED ANSWERS

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4-HOUR ANNUITY SUITABILITY AND BEST
INTEREST STANDARDS EXAM
WEBCE||CERTIFIED QUESTIONS WITH
VERIFIED ANSWERS




For whom is joint ownership of an annuity often reserved? - correct-answer -

spouses




At what point does the beneficiary to an annuity acquire rights in the contract? -

correct-answer -(Wrong) upon contract issue and throughout the life of the

contract, until the death of the contract owner or annuitant




Generally speaking, how long is the accumulation period for immediate annuities?

- correct-answer -one month to one year

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For which of the following needs are traditional deferred annuities best suited? -

correct-answer -retirement planning




For what reason would an individual choose a variable annuity over a fixed

annuity? - correct-answer -for the potential to earn greater contract growth




At the time he purchased his variable annuity, Ahmed directed $5,000 of his

premium into Subaccount A when the unit value was $10. A year later, the unit

value had increased to $15. Assuming he made no additional premium deposits,

what is the value of Ahmed's investment in Subaccount A now? - correct-answer -

$7,500




For most indexed annuities, what is the specified floor? - correct-answer -0

percent