Question 6011 of 303 · California Life-Only Agent Exam

An annuity used to fund an IRA or other IRS-approved retirement plan is known as

Exactly one answer is correct.

Show solution

Correct answer to question 6011

  • B: qualified

Explanation

Qualified annuities are funded with pre-tax contributions in many cases, so withdrawals are fully taxable.

Next to question ›