24. NIAC Annuity suitability requirements apply to sellers of all types of annuities. Therefore answer is Option D
25. The purpose of this regulation is to require insurers to establish a system to supervise recommendations and to set forth standards and procedures for recommendations to consumers that result in transactions involving annuity products so that the insurance needs and financial objectives of consumers at the time of the transaction are appropriately addressed.
Therefore Answer is Option A
I need help on questions 24,25 please!! 24. To which producer would the NAIC annuity suitability...
I need help answering questions 17-25 please! 17. At the age of 68, Seth elected a life and 10-year term certain option for the payout of his $100,000 annuity. All of the following statements are true EXCEPT: a. The annuity will make income payments for a minimum of 10 years. b. Seth will receive an income stream for as long as he lives. C. At Seth's death, his beneficiary will receive a minimum of $100,000. d. If Seth were to...
I need help on questions 21,22,23 please!! . 21. On what primary basis should Producer Lester determine the suitability of an annuity product he recommends to any of his clients? a. the facts disclosed by the client b. the advice of his more experienced colleagues c. the number and profile of other buyers who have purchased the product d. the commission he will make on the product 22. Which of the following best describes the stated purpos the NAIC Annuity...
I need help on questions 8,9,10 please!! B. 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...
macroeconomic please solve it all i need help 8. If the price of coffee decreases, all else held coestant, the Law of Demand states that a firms will produce more coffee b. people will buy more coffee 9. If the price of coffee decreases, all else held constant, the Law of Supply states that a firms will produce more coffee b. people will buy more coffee e. firms will produce less coffee d people will buy more milk shakes c....