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Latest questions and answers.
NEW QUESTION: 1
Your client bought a variable annuity contract that has a 5% contingent deferred sales charge with a
7 -year surrender period four years ago. He has been reading about bonus annuities and 1035 exchanges
and has asked for your advice. You can tell him:
A. that he'll have to pay the 5% deferred sales charge if he executes the exchange.
B. that it's a great idea, and you plan on how you're going to spend the unexpected income.
C. both B and C.
D. that although the exchange doesn't have any tax consequences, he'll be looking at a new, longer,
surrender period.
Answer: C
Explanation:
If your client bought a variable annuity contract with a 7-year surrender period four years ago,
you can tell him that even though there will be no tax consequences associated with the exchange, he'll
have to pay the 5% deferred sales charge if he executes the exchange, and he'll be looking at a new,
longer, surrender period-one of the less desirable features associated with bonus annuities.
NEW QUESTION: 2
A. @ device screen and (-ms-view-state: fullscreen-snapped) {
B. @ media all and (-ms-view-state: fullscreen-snapped) {
C. @ device screen and (-ms-view-state: fullscreen-landscape) {
D. @ media screen and (-ms-view-state: fullscreen-landscape)
Answer: D
NEW QUESTION: 3
For each of the following statements, select Yes if the statement is true. Otherwise, select No. NOTE: Each correct selection is worth one point.
Answer:
Explanation:
