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Test Your Knowledge: Annuities

1) Which of the following client traits would normally indicate a fixed annuity could be an appropriate solution?

A. Younger age and requires short term access to their funds

B. Risk averse and interested in guarantees

C. Looking to outperform the “market”

D. None of these

2) Equity Indexed Annuities:

A. Can lose principal

B. Are linked to an individual stock to determine returns

C. Provide interest based on the performance of one or more indices

D. Are invested directly in the stock market

3) True or false. A variable annuity has a set maturity date

A. True

B. False

4) The crediting method in an Equity Indexed Annuity that provides a set interest credit if an index is positive, regardless of how much that index is positive is called:

A. Monthly averaging

B. Spread

C. Trigger

D. Participation

5) The following traits are common in all annuity types (fixed, index, variable) except:

A. Can help avoid probate

B. Interest crediting method

C. Tax deferral

D. Usually not 100% liquid for several years after purchase

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