Which of the following best describes what the annuity period is? answer choices The period of time from the accumulation period to the annuitization period The period of time during which money is accumulated in an annuity The period of time from the effective date of the contract to the date of its termination. The annuitant cannot be the same person as the annuity owner. An individual has just borrowed 10K from his bank on a 5 year installment loan requiring monthly payments. The president of a company is starting an annuity and decides that his corporation will be the annuitant. What Most Accurately Describes An Annuity? (2023). Which of the following is true regarding the beneficiary designation of the former spouse. D) The period of time from the effective. Which of the following best describes what the annuity period is. Life Annuities: A life annuity is a fixed-income contract in which an insurance company commits to paying income payments throughout the annuitant’s lifetime. Which of the following best describes what the annuity period is? A. What Is the Annuity Factor Method? The annuity factor method is a way to determine how much money can be withdrawn early from retirement accounts before incurring penalties. Solved Which of the following best describes an annuity. CThe annuitants individual stock portfolio. If a contract provides a set amount of income for two or more persons with the income stopping upon the first death of the insured, it is called a 1. The present value of an annuity is the cash value of all of your future annuity payments. Which of the following best describes what the >. Annuities are insurance contracts that promise to pay you regular income immediately or in the future. Question: Which of the following best describes an annuity? Deposits are made at random (whenever you have extra money) into an account earning interest. Annuities are often used to generate retirement income or to supplement pension benefits at work. it is the most someone would pay for the stock Principles of Accounting Volume 1 19th Edition ISBN: 9781947172685 Author: OpenStax. An agent tells an insured that if he replaces his current insurance policy with a newer one, his dividends will be higher and his premium will be slightly lower. Power Digital Banking and Credit Card Satisfaction Studies assess the adoption and satisfaction levels of website and mobile capabilities. Which of the following best describes what the annuity period is>Which of the following best describes what the annuity period is. Which of the following best describes what the annuity period is? The period of time during which accumulated money is converted into income payments: The law that protects consumers against the circulation of inaccurate or obsolete information is known as: The Fair Credit Reporting Act. com>Life and Health Flashcards. period during which accumulated money is converted into income B. Wealth Management Associate. a series of payments to be received. Question: Which of the following best describes an annuity? Deposits are made at random (whenever you have extra money) into an account earning interest. the type of insurance sold to a debtor and designed to pay the amount due on a loan if the debtor dies before the loan is repaid is called Credit life Which two terms are associated directly with the way an annuity is funded? single payment or periodic payments Which of the following best describes what the annuity period is?. What type of annuity did the couple buy? A A: Joint life annuity 21 Q. Q: If an annuity provides a set amount of income for two or more persons with the income ceasing upon the first death, what type of annuity is that? Q:A couple receives a set amount of income from their annuity. Expert Answer Answer is option C) A series of ide … View the full answer Previous question Next question. Joint life annuity. IsLife Annuities: A life annuity is a fixed-income contract in which an insurance company commits to paying income payments throughout the annuitant’s lifetime. Which of the following best describes what the annuity period is? a) The period of time during which accumulated money is converted into income payments. When the wife dies, the husband no longer receives annuity payments. PracticeTest Flashcards by Gabriel Martinez. period of time from the accumulation period to the annuitization period C. c) The planned premium pays for mortality charges and expenses and any excess is. Violation of unfair discrimination law may result in all of the following penalties EXCEPT The cost of coverage is based on the ratio of men and women in the group. Which one of the following best defines an annuity? a. 75% per year? Lump Sum: by $14,899. The minimum interest rate on an equity indexed annuity is often based. What Is the Annuity Factor Method? The annuity factor method is a way to determine how much money can be withdrawn early from retirement accounts before incurring penalties. All of the following statements regarding annuities are correct EXCEPT: (A) generally, annuity contracts issued today require fixed, level funding payments (B) annuities are. Which of the following best describes what the annuity period is? Fines of up to $1,000 for each act. If one purchases an annuity for a set price, the issuing company would invest the. Which of the following most accurately describes an annuity? a. An annuity is a financial instrument that pays you an income for the rest of your life. period during which accumulated money is converted into income B. Top Answer a )Explanation: The annuity period is the period during which the total accumulated money is paid as a fixed amount in streams in the annuitization phase. Free Flashcards about Stack #655450. Variable Annuity: Definition and How It Works, Vs. the sum of the protons and neutrons in one atom of the element. The Digital Banking and Credit Card Satisfaction Studies have been redesigned for 2023 to reflect the changing landscape of the industry and evolving consumer preferences and behaviors. Which of the following statements about group life is correct? Decreasing term. The minimum interest rate on an equity indexed annuity is often based on AAn index like Standard & Poors 500. Which Of The Following Best Describes What The Annuity. When the wife dies, the husband no longer receives annuity payments. What type of annuity did the couple buy? A A: Joint life annuity 21 Q. Study Redesign: 2023 Digital Banking and Credit Card …. A deferred annuity has an accumulation phase followed by a disbursement. a series of unequal cash payments made at equal time intervals. A lump sum is deposited into an account earning compound interest. Which of the following best describes what the annuity period is. For single employees, the required form of payment is a straight-life annuity, which typically provides a monthly payment based on the plan formula. com%2fask%2fanswers%2f12%2fwhat-is-an-annuity. b) Universal Life is a combination of term insurance and a separate savings account joined in a single contract. b) The period of time spanning from the accumulation period to the annuitization period c) The period of time during which money is accumulated in an annuity d) The period of time spanning. An annuity is a series of equal payments and hence decreasing or increasing payments are not an annuity. Q: If an annuity provides a set amount of income for two or more persons with the income ceasing upon the first death, what type of annuity is that? Q:A couple receives a set amount of income from their annuity. A) The period of time during which accumulated money is converted into income payments. An annuity is a financial instrument that pays you an income for the rest of your life. the period of time from the effective date of the contract to the date of its termination b. During an economicdownswing, the investments only drew 2. The results of . a) The period of time during which accumulated money is converted into income payments b) The period of time spanning from the accumulation period to the annuitization period c) The period of time during which money is accumulated in an annuity d) The period of time spanning from the effective date of the contract to the date of its. Which of the following best describes taxation during the accumulation period of an annuity? Taxes are deferred. Variable annuity *A variable annuity is considered to be a security and is regulated by the Securities Exchange Commission (SEC) in addition to state insurance regulations. This quick guide will help explain how annuities work and. A corporation can be annuitant as long as the beneficiary is a natural person. Which of the following best describes what the annuity >Which of the following best describes what the annuity. Violation of unfair discrimination law may result in all of the following penalties EXCEPT The cost of coverage is based on the ratio of men and women in the group. Which of the following best describes what the annuity period is? The period of time during which accumulated money is converted into income payments Which of the following products will protect an individual. Life Insurance chapter 6 Flashcards. An annuity’s future payments are reduced based on the discount rate. it is the most someone would pay for the stock. 88 Annuity: by $14,899. The Digital Banking and Credit Card Satisfaction Studies have been redesigned for 2023 to reflect the changing landscape of the industry and evolving consumer preferences and behaviors. period of time from the accumulation period to the annuitization period C. The annuity period is the time during which accumulated money is converted into an income stream. Which of the Following Best Describes the Annuity Period. Top Answer a )Explanation: The annuity period is the period during which the total accumulated money is paid as a fixed amount in streams in the annuitization phase. Which of the following best describes what the annuity period is. Which of the following best describes what the annuity period is A) The period of time during which accumulated money is converted into income payments B) The period of time from the accumulation period to the annuitization period C) The period of time during which money is accumulated in an annuity. asp/RK=2/RS=saQK6SdD1OvbZWVJsPRV9fyX2KU- referrerpolicy=origin target=_blank>See full list on investopedia. Which of the following best describes what the annuity period is? A. it represents the total wealth associated with the companys earnings d. busfin420 chapter 5 Flashcards. If the formula provides $30 per month for each year of service, the single employee with 40 years of service would receive $1,200 per month ($30 X 40 years). What type of life insurance policy Decreasing term. Which of the following best describes the structure of an annuity? A. which of the following describes what the annuity period is a. The period of time during which accumulated money is converted into income payments. the period of time during which accumulated money is converted to income payments c. B) The period of time from the accumulation period to the annuitization period. Q: If an annuity provides a set amount of income for two or more persons with the income ceasing upon the first death, what type of annuity is that? Q:A couple receives a set amount of income from their annuity. Answered: Which of the following best describes…. 5 Flashcards by Lucia Coronado. The term that best describes an annuity due is the payment at the beginning of the year. which of the following describes what the annuity period is? The period of time during which accumulated money is converted into income payments In a fixed annuity, which of the following is true regarding the guaranteed interest rate on the investment?. Which one of the following statements best describes an ordinary annuity? Multiple Choice C Series of cash inflows of varying amounts collected at the end of each period O Series of cash flows of equal amounts collected at the end of each period Series of cash flows of varying amounts collected at the Show transcribed image text Expert Answer. The rate of return or discount rate is part of the calculation. Which of the following best describes what the. Which of the following best describes what the annuity period is The period of time during which accumulated money is converted into income payments An individual has just borrowed 10K from his bank on a 5 year installment loan requiring monthly payments. Which of the following best describes what the annuity period is The period of time during which accumulated money is converted into income payments An individual has just borrowed 10K from his bank on a 5 year installment loan requiring monthly payments. Joint and Survivor Annuitie s: A joint and survivor annuity is a life annuity (two lifetimes) that provides income to the last surviving covered individual until death. Study Redesign: 2023 Digital Banking and Credit Card. Which of the following best describes what the annuity period is? a) The period of time during which accumulated money is converted into income payments. The annuitant’s life expectancy is taken into consideration for the annuity. Which of the following best describes what the annuity period is? The period of time during which accumulated money is converted into income payments The annuity owner dies during the accumulation period without naming a beneficiary. The contract can be issued without an annuitant. Joint and Survivor Annuitie s: A joint and survivor annuity is a life annuity (two lifetimes) that provides income to the last surviving covered individual until death. period of time during which money is accumulated in an annuity. Which of the following best describes what the annuity period is? Fines of up to $1,000 for each act. Investment and insurance products and services including annuities are available through U. Which of the following best describes a bail out provision? It allows the owner to surrender the annuity without a charge if interest rates drop a specified amount within a. Which of the following best describes taxation during the accumulation period of an annuity? A) The annuity is subject to both state and federal taxation B) The growth is subject to immediate taxation C) The annuity is subject to state taxes only D) Taxes are deferred D) Taxes are deferred 5. All of the following statements about variable annuities are correct EXCEPT: (A) individuals who sell variable annuities must be registered with FINRA (B) the contract owner bears the investment risk rather than the insurance company (C) once a variable annuity has been annuitized, the amount of monthly annuity income cannot fluctuate (D) during the accumulation period, the contract owners. A series of payments to be received during a period of time. C) The period of time during which money is accumulated in an annuity. An annuitys contract holder dies before the annuitization date. Top Answer a )Explanation: The annuity period is the period during which the total accumulated money is paid as a fixed amount in streams in the annuitization phase. Which of the following best describes an annuity >Solved Which of the following best describes an annuity. Which of the following is TRUE? Itll go to their estate. it is the product of the numbers of shares and the price per share c. What Is the Annuity Factor Method? The annuity factor method is a way to determine how much money can be withdrawn early from retirement accounts before incurring penalties. What Is an Annuity? The term annuity refers to an insurance contract issued and distributed by financial institutions with the intention of paying out invested funds in a fixed income stream. Equal, regular deposits are made into an account earning interest. what interest rate will theinsurer pay to its policyholders? Definition: 3%. What Most Accurately Describes An Annuity? (2023). What Is an Annuity? The term annuity refers to an insurance contract issued and distributed by financial institutions with the intention of paying out invested funds in a fixed income stream. Which of the following best describes what the annuity period is The period of time during which accumulated money is converted into income payments An individual has just borrowed 10K from his bank on a 5 year installment loan requiring monthly payments. a) The cash account accumulates on a tax-deferred basis. Which of the following best describes what the annuity period is The period of time during which accumulated money is converted into income payments An individual has just borrowed 10K from his bank on a 5 year installment loan requiring monthly payments. Life and Health Flashcards. Definition: Annuity certain Term: An insurance company forwards fixed annuity premiums to their generalaccount, where the money is invested. Question: Which of the following best describes an annuity? Deposits are made at random (whenever you have extra money) into an account earning interest. A) The period of time during which accumulated money is converted into income payments. Annuities are essentially insurance contracts. Which of the following best explains this statement? The face value of the policy is payable to the beneficiary upon the death of the insured Which of the following. Which of the following best describes an annuity? A series of fixed payments A retirement income fund A series of identical payments at regular intervals A series of annual payments of any amount. Bancorp Investments, the marketing name for U. b) The period of time spanning from the accumulation period to the annuitization period c) The period of time during which money is accumulated in an annuity d) The period of. Annuitys cash value exceeds premiums paid. A lump sum is deposited into an account earning compound interest. The guaranteed minimum interest isset at 3%. Life Annuities: A life annuity is a fixed-income contract in which an insurance company commits to paying income payments throughout the annuitant’s lifetime. Taxes on the contracts interest will continue to be deferred if the beneficiary is: A spouse 31. The Digital Banking and Credit Card Satisfaction Studies have been redesigned for 2023 to reflect the changing landscape of the industry and evolving consumer preferences and behaviors. Which of the following best describes what the annuity period is?. (A) generally, annuity contracts issued today require fixed, level funding payments(B) annuities are sold by life insurance agents(C) an annuity is a periodic payment(D) annuitants can pay the annuity premiums in lump sums A (A) generally, annuity contracts issued today require fixed, level funding payments 1 Q. The president of a company is starting an annuity and decides that his corporation will be the annuitant. The form of life annuity which pays benefits throughout the lifetime of the annuitant and also guarantees payment for a minimum number of years is called Life income with period certain. B) The. Annuity Factor Method Definition. an Investment which produces increasing cash flows over time b. Transcribed Image Text: Present Value of an Annuity Due If the present value of an ordinary, 3-year annuity is $5,200 and interest rates are 10 percent, whats the present value of the same annuity due? Multiple Choice $7,700 $6. The payment amount, frequency, and other features depend on what type of annuity you invest in. Question: Which of the following best describes an annuity? Deposits are made at random (whenever you have extra money) into an account earning interest. Annuities are often used to generate retirement income or to supplement pension benefits at work. What Is the Present Value of Annuity?. 82 Annuity: by $43,535. Recuperation can be in annuitant as long as it is also the owner. The period of time during which money is accumulated in an annuity D. BThe returns from the insurance companys separate account. Which of the following terms best describes an. Annuities are often used to generate retirement income or to supplement pension benefits at work. Guarantee Exam Flashcards. the type of insurance sold to a debtor and designed to pay the amount due on a loan if the debtor dies before the loan is repaid is called Credit life Which two terms are associated directly with the way an annuity is funded? single payment or periodic payments Which of the following best describes what the annuity period is?. Which of the following best describes what the annuity period is A) The period of time during which accumulated money is converted into income payments B) The period of time from the accumulation period to the annuitization period C) The period of time during which money is accumulated in an annuity. The period of time during which accumulated money is converted into income payments B. You’re getting a pension: What are your payment options?. All of the following are true about Group Life Insurance EXCEPT: The employer is the beneficiary 32. it represents the total value of the company b. Which of the following best describes what the "annuity. Which of the following best describes what the annuity period is A) The period of time during which accumulated money is converted into income payments B) The period of time from the accumulation period to the annuitization period C) The period of time during which money is accumulated in an annuity. ch 5 quiz annuities Flashcards. The period of time from the accumulation period to the annuitization period C. Solved Which of the following best describes an annuity?. Question: Which of the following best describes an annuity? Deposits are made at random (whenever you have extra money) into an account earning interest. Payments at the end of the year is known as a regular annuity. The annuity period is the time during which accumulated money is converted into an income stream. Equal, regular deposits are made into an account earning interest. Which one of the following statements best describes an ordinary annuity? Multiple Choice C Series of cash inflows of varying amounts collected at the end of each period O. Which of the following best describes what the annuity period is? answer choices The period of time from the accumulation period to the annuitization period The period of time during which money is accumulated in an annuity The period of time from the effective date of the contract to the date of its termination. An annuity is a financial instrument that pays you an income for the rest of your life. (A) generally, annuity contracts issued today require fixed, level funding payments(B) annuities are sold by life insurance agents(C) an annuity is a periodic payment(D) annuitants can pay the annuity premiums in lump sums A (A) generally, annuity contracts issued today require fixed, level funding payments 1 Q. Which of the following best describes an annuity? A series of fixed payments A retirement income fund A series of identical payments at regular intervals A series of. In an annuity, the accumulated money is converted into a stream of income during which time period? Annuitization period: An organization that, in addition to other activities, provides a formal insurance plan to its members is classified as a: Fraternal insurer. In an annuity, the accumulated money is converted into a stream of income during which time period? Annuitization period: An organization that, in addition to other activities, provides a formal insurance plan to its members is classified as a: Fraternal insurer. An annuity is a financial instrument that pays you an income for the rest of your life. For single employees, the required form of payment is a straight-life annuity, which typically provides a monthly payment based on the plan formula. The payment amount, frequency, and other features depend on what type of annuity you. Question: Which of the following best describes an annuity? Deposits are made at random (whenever you have extra money) into an account earning interest. 920 $5,220 $5,720 Expert Solution Step by step Solved in 3 steps with 1 images See solution Check out a sample. An annuity is a contract you enter into with a financial company where you pay a premium in exchange for payments later on. Business Finance Which of the following best describes the market capitalization of a company? Select one: a. twice the number of protons in one. Which of the following best describes what the annuity period is? The period of time during which accumulated money is converted into income payments The annuity owner dies during the accumulation period without naming a beneficiary. Term which of the following best describes what the. What Is the Annuity Factor Method? The annuity factor method is a way to determine how much money can be withdrawn early from retirement accounts before incurring penalties. Which is the better deal for Rudy, and by how much, assuming the growth rate of the economy is 2. What Is the Annuity Factor Method? The annuity factor method is a way to determine how much money can be withdrawn early from retirement accounts before. Sign up to view the full answer View Full Answer Why Join Course Hero? 100,000,000 Study Resources Find the best study resources around, tagged to your specific courses. period of time from effective date of contract to the date of its. Final practice questions Flashcards. Solved Which Of The Following Best Describes An Annuity Oa Lump Sum Is Deposited Into An Account Earning Simple Interest Oa Lump Sum Is Deposited Into An Account Earning Compound Interest Deposits Are. the period of time from the accumulation period to the annuitzation period. com/_ylt=AwrEtx3SA1ZkYBYetPRXNyoA;_ylu=Y29sbwNiZjEEcG9zAzIEdnRpZAMEc2VjA3Ny/RV=2/RE=1683387475/RO=10/RU=https%3a%2f%2fwww. Which of the following statements is false? a. An annuity is a contract with an insurance company that promises to pay the buyer a steady stream of income in the future, such as after retirement. Which of the following statement is true? A. For that reason, a person must hold a securities license in addition to a life agents license in order to sell variable annuities. Life Annuities: A life annuity is a fixed-income contract in which an insurance company commits to paying income payments throughout the annuitants lifetime. a) The period of time during which accumulated money is converted into income payments b) The period of time spanning from the accumulation period to the annuitization period c) The period of time during which money is accumulated in an annuity d) The period of time spanning from the effective date of the contract to the date of its. The payment amount, frequency, and other features depend on what type of annuity you invest in. Which of the following best describes what the annuity period is? The period of time during which accumulated money is converted into income payments The annuity owner dies during the accumulation period without naming a beneficiary. Which of the following best describes what the annuity period is? A. Power Digital Banking and Credit Card Satisfaction Studies assess the adoption and satisfaction levels of website and mobile capabilities offered by top banks and credit card issuers. 88 The atomic mass of an element is A. Annuitys cash value exceeds premiums paid. , member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U. Sign up to view the full answer View Full Answer Why Join Course Hero? 100,000,000 Study Resources Find the best study resources around, tagged to your specific courses. Guide to Annuities: What They Are, Types, and How They Work. a series of payments to be received during a period of time. Which of the following best describes what the annuity period is? Fines of up to $1,000 for each act. What type of life insurance policy. Which of the following statements about group life is correct? Decreasing term. An annuity is an insurance product that promises to pay out income at a future date based on invested funds. Which of the following best describes what the annuity period is. Which of the following is TRUE? Itll go to their estate.