B) the rate of return is determined by the underlying portfolio's value. D) A 50 year old individual with $50,000 cash to invest who has already made the maximum contributions to an IRA and the 401(k) plan at his place of employment and would like to minimize some of the tax consequences of his currently high tax bracket. Contributions to an IRA may be tax deductible, depending on the individual's earnings and participation in a company-sponsored qualified retirement plan. b) What probability is the 20%20 \%20% mentioned above? Your 55-year-old client invested $50,000 four years ago in a nonqualified variable annuity. D)variable annuities offer the investor protection against capital loss. Can I Borrow from My Annuity for a House Down Payment? Cashing out life insurance policies or VAs where steep surrender charges are likely to exist, particularly in the earlier years of those contracts, is also considered abusive. D)suggest to the client that perhaps a loan or refinancing his vacation home might be a better way to fund the contract purchase. D) Variable annuity. Cashing out life insurance policies or VAs where steep surrender charges are likely to exist, particularly in the earlier years of those contracts, is also considered abusive. The separate account is NOT likely to invest in: An important basic characteristic of common stocks that makes them a suitable type of investment for the separate account of variable annuities is: C) Unit refund life option There are two interest rates under fixed annuities. If the data is normally distributed with standard deviation$198, find the percent of vacationers who spent less than $1,200 per day. A) a minimum rate of return is guaranteed. \end{array} D)accumulation units. A) partially a tax-free return of capital and partially taxable. At the end of the year your account has a value of 10750. Which of the following statements is not true about the characteristics of a trend? The earnings are taxable but the cost basis is returned tax free. The value of the annuity units is fixed. 5 Q All of the following are characteristics of variable whole life EXCEPT the premium is level there is no guaranteed cash value there is no guaranteed minimum death benefit.
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