a variable annuity has which of the following characteristics

D) variable annuities may only be sold by registered representatives. A)unsuitable because the return on something as conservative as a variable annuity tends to be low. The features of variable deferred annuities are many. A)II and IV. D) Two-thirds of the withdrawal is taxable as ordinary income. \hspace{7pt} b. January 444, to record the employers payroll taxes on the payroll to be paid on January 444. Since , has paid out quarterly dividends ranging from $0.00 to $0.00 per share. Question #32 of 48Question ID: 606815 When a partial withdrawal is made from an annuity, the earnings are considered to be taken out first for tax purposes (or LIFO). B)variable annuities are classified as insurance products. \hspace{10pt} Federal unemployment (employer only), 0.8%0.8\%0.8%. Reference: 12.1.2 in the License Exam. & \underline{\underline{\$1,014,000}} & \hspace{10pt} \text{U.S. savings bonds} & 30,420\\ C) A 25year old public school teacher who would like to save enough for the purchase of her first home within the next 3 to 5 years. In deciding whether to put money into a variable annuity versus some other type of investment, its worth weighing these pros and cons. a variable annuity has which of the following characteristics Universal variable life policies A) I and II A) It will be higher. Only variable annuities have payout plans that provide the client income for life. A) I and IV. D)A 10% penalty plus the payment of ordinary income tax on funds withdrawn in excess of the owner's basis. savingsbondsGroupinsurance$198,74451,71415,21030,42045,630$341,718, Tax rates assumed: Reference: 12.3.2.1 in the License Exam. A)exempt from taxes Fixed annuities typically earn at a lower, stable rate. B) II and III. When the annuitization option is selected, each payment represents both capital and earnings. There is a guaranteed minimum interest rate, normally amounting to between 1 and 3 percent. A)Fixed annuity contract with a discussion regarding purchasing power risk B)I and III. A) partially a tax-free return of capital and partially taxable. Question #43 of 48Question ID: 606809 The number of accumulation units is always fixed throughout the accumulation period. Classifying annuities There are many categories of annuities. D) expense guarantee. A) a lifetime withdrawal benefit (LWB) or lifetime income benefit will make a periodic payment even if the account balance falls to zero The separate account performance compared to last month's performance. A) Life-only annuity Contributions to a nonqualified variable annuity are not tax deductible. A) waiver of premium Life annuity has the largest payout because less risk is assumed by the insurance company; there is no beneficiary in the event the annuitant dies. Herpes Zoster has all of the following characteristics except: Group of answer choices.

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