Team Af Quiz Annuities - General

True

False

You can have a choice of interest rate guaranteed periods

You can have an annuity payment guaranteed for life

The dealth benefit is treated the same (income taxation) as a life insurance death benefit

During the accumulation stage, the earning grow tax-deferred

True

False

A college student, who has very little income and no emergency funds at all

A senior who is tired of paying taxes on their CDs (they do not need current income from the CDs)

A young professional who has a qualified account to rollover that wants to take advantage of multiple professional fund managers

Both B and C

True

False

Beginning and the end

Accumulation Phase and Payout Phase (Annuitization)

Growth and Deferral

Early withdraw and Surrender

True

False

As a means of supplementing Individual Retirement Accounts (IRAs) and other employer retirement plans that have been “maxed out” in terms of contribution levels

Retirement Savings

As a guaranteed income stream for the future

All of the above.

Income stream can be payable for life

Income stream is tax free (income)

Stream may also be for a “period certain,” a defined period of time

Annuitized payments under non-qualified contracts are part taxable distribution of contract gain and part non-taxable return of the owner's cost basis

True

False