Question 6021 of 303 · California Life-Only Agent Exam
Which of the following must be obtained before a producer recommends an annuity to a consumer in California?
Exactly one answer is correct.
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Correct answer to question 6021
- D: The consumer's age, income, and objectives
Explanation
California's suitability rule lists items such as age, income, financial experience, liquidity needs, and risk tolerance. The agent must have reasonable grounds to believe the recommendation is suitable.
More questions: Annuities
- 6022Which of the following is a required suitability factor for an annuity recommendation in California?
- 6023Surrender charges on an annuity are
- 6024Early withdrawal from a nonqualified annuity before age 59 and a half is generally subject to
- 6025Annuity withdrawals from a nonqualified annuity are taxed on a
- 6026An annuitization of a contract means
- 6027Group annuities are most often used to