of the following are major differences between accumulation
units and annuity units in the separate account of
a variable annuity?
I. There are a variable number of accumulation units
II. Accumulation units grow tax-deferred
III. When the contract holder converts accumulation units to annuity units, he/she has lost control of the account
IV. The AIR only applies to annuity units
a) I, II
b) II, IV
c) I, III, IV
d) I, II, III, IV
The correct answer is d.
All of these are differences between accumulation and annuity units. In addition, there are a fixed number of annuity units to be cashed in each month.
The correct answer is: a) (I) is incorrect because results that cover a period of less than a year must "not" be annualized. ...
The correct answer is b. Forward pricing is the SEC Rule that requires all transactions in open-end investment company shares ...
The correct answer is: a) The proper course of action would simply be to place Universal Airlines on a restricted list until ...
The correct answer is c. Current yield compares the current price of acquiring the stock to the income from the stock, the ...
A examination to ensure a candidate is qualified to become a ...
A person who prepares investigative reports on equity securities. ...
An exam required for individuals seeking to engage in off-exchange ...
One who provides financial advice or guidance to customers for ...
An exam offered by the Financial Industry Regulatory Authority ...
An exam given by the Financial Industry Regulatory Authority ...