Section 5 (Texas) - Annuities questions and
answers
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Practise terms in Learn
Practise your missed
terms more until you I of 24
get them right. Term 4))
Pay out phase
Your answers
Definition 4))
The cash payment settlement is the False
automatic settlement option of a life Lump sum settlement
insurance policy
Give this one a go later!
True
Term 4))
Correct definition
,Section 5 (Texas) - Annuities questions and
answers
Pay out phase The cash value is paid to the annuitant,
either as a lump sum or as a stream of
income over a period of time
Give this one a go later!
False
v/ True
3 of 24
Term 4)
Definition 4))
Annuities are often held until
retirement and then annuitized when
the individuals income is lower and
therefore taxed at a lower bracket.
Qualified plans will have the entire
amount taxed as it is withdrawn.
2 of 24
Definition 4))
, Section 5 (Texas) - Annuities questions and
answers
Wealth accumulation
Nonqualified plans only have the
portion of the withdrawal that is
interest taxed
True False
Correct definition
V Immediate Annuity
vive this one a go later!
True False
Correct definition
V Retirement funding
4 Of 24
Definition 4)) Term 4))
the typical single premium Variable Annuities
immediate annuity begins payment one
month after its purchase
Give this one a go later!
5 of 24
Term 4) Definition 4))
answers
Correct:24 Take a new test
Take another test to boost
Incorrect:0 your confidence.
Next steps
Practise terms in Learn
Practise your missed
terms more until you I of 24
get them right. Term 4))
Pay out phase
Your answers
Definition 4))
The cash payment settlement is the False
automatic settlement option of a life Lump sum settlement
insurance policy
Give this one a go later!
True
Term 4))
Correct definition
,Section 5 (Texas) - Annuities questions and
answers
Pay out phase The cash value is paid to the annuitant,
either as a lump sum or as a stream of
income over a period of time
Give this one a go later!
False
v/ True
3 of 24
Term 4)
Definition 4))
Annuities are often held until
retirement and then annuitized when
the individuals income is lower and
therefore taxed at a lower bracket.
Qualified plans will have the entire
amount taxed as it is withdrawn.
2 of 24
Definition 4))
, Section 5 (Texas) - Annuities questions and
answers
Wealth accumulation
Nonqualified plans only have the
portion of the withdrawal that is
interest taxed
True False
Correct definition
V Immediate Annuity
vive this one a go later!
True False
Correct definition
V Retirement funding
4 Of 24
Definition 4)) Term 4))
the typical single premium Variable Annuities
immediate annuity begins payment one
month after its purchase
Give this one a go later!
5 of 24
Term 4) Definition 4))
