the following are all characteristics of variable annuities except:

co. will have to pay the death benefit sooner than expected - that is, before receiving some of the expected premium payments. When the first party dies, the annuity payment is made to the survivor. A)equity funds. A security is any investment for profit with management performed by a third party. To prevent this situation individuals can buy a guaranteed period with the immediate annuity. The funds in an annuity are off-limits to creditors and other debt collectors. The holder of a variable annuity receives the largest monthly payments under which of the following payout options? Life with period certain will produce a smaller check for life because the insurance company will guarantee payments to a beneficiary for a certain period of time designated in the contract should the annuitant die within that period. Insurance companies introduced the variable annuity as an opportunity to keep pace with inflation. This compensation may impact how and where listings appear. Reference: 12.1.4.1 in the License Exam. B)corporate stock. In March, the actual net return to the separate account was 8%. He makes the following four statements, all of which are true EXCEPT Deferred annuities A deferred annuity is designed to collect premiums and accrue investment income over an extended period for payout at a later timefor example, when an individual retires. Question #24 of 48Question ID: 606806 How Are Nonqualified Variable Annuities Taxed? B)variable annuities are classified as insurance products. C)A 10% penalty plus the payment of ordinary income tax on all of the funds withdrawn. . However, it does guarantee payments for life (mortality). audio not yet available for this language, {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"Variable Annuities","payreferer_url":"\/flashcards\/copy\/variable-annuities-5097323","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. The number of annuity units is fixed at the time of annuitization. The client agrees to purchase the contract and informs the RR that he will be cashing out a VA he purchased 2 years ago to fund the new contract and will forward the check as soon as he receives it. The largest monthly check an annuitant can receive for the rest of his life is generated by a straight life (life income or life only) payout option. Of the 4 client profiles below, which might be the best suited for a variable annuity recommendation?

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