I need help answering questions 7-16 please!

7. Which of the following refers to the difference between what an insurer earns on the funds in its general account and the interest rate it declares for crediting to its annuity contracts? a. the insurer's reserve b. the insurer's earnings c. the insurer's spread d. the insurer's liability 8. For an indexed annuity, what is credited to the contract at the end of each interest crediting term? a. the index interest rate b. the minimum guaranteed interest rate c. the index interest rate or the minimum guaranteed interest rate, whichever is greater d. the index interest rate or the minimum guaranteed interest rate, whichever is less 9. Darcy owns an indexed annuity. The index that supports her annuity was at 1000 when the contract's interest crediting period began and 1200 when the crediting period ended. What is the index increase? a. 10 percent b. 20 percent c. 40 percent d. 200 percent 10. With regard to the investment of a fixed annuity's assets, which of the following statements is true? a. Premiums are invested into the insurer's separate account. b. Premiums are directed into the insurer's general account. c. Premiums are invested at the owner's option into either secure bond or fixed interest accounts. d. Premiums are directed at the owner's option into either government- issued Treasury bills or money market accounts. 11. At what point are a nonqualified annuity's earnings subject to income tax? a. when they are credited to the contract b. when they are withdrawn from the contract c. when they exceed the amount of premium deposited d. never 12. Ten years ago, John purchased a deferred annuity and named his daughter, Suzanne, as beneficiary. Over the years, John invested $50,000 in the contract; upon his death, the contract was valued at $118,000. Assuming that John died without annuitizing and the contract contained the standard death benefit provision, how much will Suzanne receive? a $50,000 b. $68,000 c. $118,000 d. $57,000 13. All of the following are conditions for which an annuity carrier commonly waives the charge for early contract surrenders EXCEPT: a financial hardship b. death C. entry into a nursing home d. disability 14. All of the following are common modal annuitization payout options EXCEPT: a. lump-sum b. monthly c. quarterly d. annually 15. What is the process of converting an annuity's accumulated value into a periodic income stream? a commutation b. annuitization C. dollar averaging d. laddering 16. Troy purchased a deferred annuity for $100,000, naming himself and his wife as joint annuitants and his daughter, Trudy, as beneficiary. Ten years later, the contract had grown to $235,000, and Troy decided to annuitize under a joint and survivor life payout. He and his wife had received income totaling $50,000 when Troy died. How much will daughter Trudy receive at Troy's death? a. $0 b. $100,000 c. $135.000 d. $180,000