AA-Share Variable Annuities Show
Accumulation Phase Accumulation Unit Value (AUV) Annual Contract Fee Annuitant Annuitization Annuity Annuity
Commencement Date Annuity Contract Annuity Owner Annuity Income Payments Annuity Start Date Annuity Purchase Rate Annuity Unit Annuity Unit Value
Application Asset Allocation Asset Allocation Programs Asset-Based Expenses
Assumed Investment Return (AIR) BB-Share Variable Annuities Bailout
Provision Beneficiary Bonus Rate Bonus Share (X-Share) Variable Annuities Breakpoint Pricing CC-Share Variable Annuities Cash Refund Annuity Cash Surrender Value Cash Value Charitable Annuity (Gift Annuity) Commutation Contingent
Annuitant Contingent Beneficiary Contingent Deferred Sales Charge Contract Date Contract Owner Cost Basis DDeath Benefits Deferred Annuity Defined Benefit Plan Defined Contribution Plan Distribution Dollar Cost Averaging EEarly Withdrawal Penalty Effective Annual Yield Effective Interest Rate Enhanced Death Benefit Enhanced
Earnings Benefit ERISA Excess Interest Exchange Traded Funds (ETFs) Exclusion Ratio Expense Ratio FFiduciary Fixed Account Fixed Annuitization Fixed Annuity Fixed Indexed Annuity Fixed Period Annuity Flexible Premium Annuity Free-Look
Period Front-End Load GGeneral Account Guarantee Period Guaranteed Interest Rate Guaranteed Investment Contracts (GICs) Guaranteed Lifetime Withdrawal Benefit
(GLWB) Guaranteed Minimum Accumulation Benefit (GMAB) Guaranteed
Minimum Death Benefit (GMDB) Guaranteed Minimum Income Benefit (GMIB) Guaranteed Minimum Living Benefit (GMLB) Guaranteed Minimum Withdrawal Benefit (GMWB) II-Share Variable Annuity Immediate Annuity Income Floor Guarantee Income or Payout Options
Indexed Annuity Individual Retirement Account (IRA) Initial Interest Rate
Insurance Charges Investment Management Fee Issuer JJoint and Survivor Annuity LL-Share Variable Annuities Levelized Annuity Payments Life Annuity Life Expectancy Lifetime Income Living Benefits Longevity Risk Lump-Sum Distribution Lump-Sum Option MMarket Risk Market Value Adjustment (MVA) Minimum Credited Interest Rate Money Market Fund Money-Purchase Plan Monte Carlo Simulation Mortality and Expense Risk Charge (M&E) Mortality Table NNet Asset Value (NAV) Net Sales Non-Qualified Annuity OO-Share Variable Annuities PPartial Withdrawal Party-at-Interest Payout Phase Pension Annuities Pension Benefit Guaranty Corporation (PBGC) Period Certain Persistency Bonus Portfolio Rebalancing Premature Distribution or Withdrawal Premium Bonus Premiums Premium Taxes Primary Beneficiary Private Annuity Proceeds QQualified Annuities RRatchet Guaranteed Minimum Death Benefit Refund Annuity Renewal Rate Reserve Retirement Income Period or Phase Reverse Annuity Mortgage Rising Floor Guaranteed Minimum Death Benefit Risk Pooling Rollover
SSavings Period Section 1035 Exchange
A requirement in a 1035 exchange is that the owner is not in constructive receipt of the surrendered contract value. In cases in which the old and new carriers are different companies, this is accomplished by the owner assigning the contract to the new carrier, which takes delivery of the surrender proceeds, which are then applied to the new contract. Separate Account Service Provider Simplified Employee-Pension Plan (SEP) Single Premium Annuity Split Annuities Standalone Lifetime Benefit (SALB) Stepped-Up Death Benefit Straight Life Annuity Subaccount Subaccount Investment Objective Surrender Charge Surrender Value Systematic Withdrawal Plan TTax-Qualified Retirement Plan Tax-Sheltered Annuities Term Certain Annuity Total Sales Transfer Transfer Fee Trustee UUnbundled Contracts Unit Value
VVariable Annuitization Variable Annuity Variable Annuity Payment Floor Variable Annuity Unit Value Variable Investment Options WWithdrawal Fee Wrap-fee XX-Share (Bonus) Variable Annuities Which of the following statements is true regarding an annuity contract?Which statement is TRUE regarding variable annuity contracts? The best answer is D. In a variable annuity contract, the principal amount is never guaranteed. The principal value may increase or decrease, depending on the performance of the separate account.
Which of the following is true regarding variable annuities quizlet?Which of the following is true regarding variable annuities? The payments that the annuitant invests into the variable annuity are invested in the insurer's separate account.
Which of the following statements is correct regarding the characteristics of a non qualified variable annuity quizlet?Which of the following statements concerning the federal income tax treatment of a non-qualified variable annuity is correct? With a non-qualified variable annuity, premium payments are not deductible, so Choice D is correct. During the accumulation period, the investment earnings are not subject to income tax.
Which of the following statements are true about variable annuities?Which statements are TRUE about variable annuities? The best answer is C. There is no tax deduction for contributions made to a variable annuity contract. The major advantage is the tax-deferred build-up of earnings in the separate account.
|