QUESTION 11

1. One feature that all annuity contracts have in common is that the annuitant can never outline the annuity payments.

   True

   False

5.55555 points

QUESTION 12

1. The goal of most annuities is to provide a steady stream of income during retirement for a specified period of time or for the remainder of one or more lives.

   True

   False

5.55555 points

QUESTION 13

1. Variable annuities are a riskier investment than fixed annuities.

   True

   False

5.55555 points

QUESTION 14

1. You have made the recommendation to a client to purchase an immediate annuity. This will convert a lump sum investment into periodic payments for a specified number of periods.

   True

   False

5.55555 points

QUESTION 15

1. You have made the recommendation to a client to purchase an immediate annuity. This will convert a lump sum investment into periodic payments for a specified number of periods. The payment your client receives will depend on the interest rate offered by the insurance company and the number of periods over which the payments will be made.

   True

   False