Question 6020 of 303 · California Life-Only Agent Exam
A variable annuity is considered
Exactly one answer is correct.
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Correct answer to question 6020
- C: a security, so the agent must also be registered
Explanation
Variable annuities are securities regulated by FINRA and the SEC. A life license alone is not enough.
More questions: Annuities
- 6021Which of the following must be obtained before a producer recommends an annuity to a consumer in California?
- 6022Which of the following is a required suitability factor for an annuity recommendation in California?
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- 6025Annuity withdrawals from a nonqualified annuity are taxed on a
- 6026An annuitization of a contract means