By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. A variable annuity's separate account is: continues payments as long as one annuitant is alive. All of the following are characteristics of a variable annuity, except If this client is in the payout phase, how would his April payment compare to his March payment? The growth portion is taxed as a capital gain. Which is it? Reference: 12.3.4 in the License Exam. D) III and IV. Random withdrawals do not guarantee how long the money will last because large withdrawals can deplete the funds before the annuitant dies. The most popular type of variable annuity is a deferred annuity. In a joint-and-last-survivor option, the annuity payment is made jointly to both parties while both are alive. Consequently, the client pays taxes only on the growth portion of the withdrawal ($10,000). *As contributions are made with after-tax dollars, only the earnings generated are taxed on withdrawal. This cloud model is composed of five essential characteristics, three service models, and four deployment models. MetLife, Inc. Senior Customer Care Advocate Annuities ($22 per hour B) A 30 year old construction worker recently unemployed who wants to invest his severance pay amounting to 9 months salary. C) taxed as ordinary income only to the extent of earnings. A fixed annuity is an insurance contract that pays a guaranteed rate of interest on the owner's contributions and later provides a guaranteed income. The Project Gutenberg eBook of Memoirs of Extraordinary Popular "Variable Annuities: What You Should Know," Page 6. A variable annuity is a tax-deferred retirement vehicle that allows you to choose from a selection of investments and then pays you a level of income in retirement that is determined by the performance of the investments you choose. While a variable annuity has the benefit of tax-deferred growth, its annual expenses are likely to be much higher than the expenses of a typical mutual fund. A customer is receiving annuitized payments from a variable annuity. Table1. Reference: 12.3.2.1 in the License Exam. Though there is no beneficiary designation during the annuitization, this is not an issue for this annuitant. *A variable annuity payout is determined by comparing account performance with AIR, and this month's payout with last month's payout. A) mortality guarantee. A Variable Annuity has which of the following characteristics? *A variable annuity does not guarantee an earnings rate because earnings will depend on the performance of the separate account. There is no clear answer to this. Facebook reports that 70%70 \%70% of their users are from outside the United States and that 50%50 \%50% of their users log on to Facebook daily. A) be paid to a designated beneficiary. Question #43 of 48Question ID: 606809 approve changes in the plan portfolio. D) None, because it is the proceeds from a life insurance company. order now. Question #31 of 48Question ID: 606836
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