Question 6006 of 303 · California Life-Only Agent Exam
A fixed indexed annuity credits interest based on
Exactly one answer is correct.
You got of questions right. Here on the question pages nobody remembers which ones you got wrong. The trainer saves your progress and asks the mistakes again until they stick.
Or free: the 10 questions most people get wrong
Show solution
Correct answer to question 6006
- A: an external index, with caps and participation rates
Explanation
Indexed annuities link credits to an index like the S&P 500 but do not invest directly in the market.
More questions: Annuities
- 6007The first payment from a single premium immediate annuity must be made within what period from the contract date?
- 6008A deferred annuity is one in which
- 6009A flexible premium annuity allows the owner to
- 6010An annuity purchased with after-tax dollars outside a retirement plan is
- 6011An annuity used to fund an IRA or other IRS-approved retirement plan is known as
- 6012A market value adjusted annuity