Question 6022 of 303 · California Life-Only Agent Exam
Which of the following is a required suitability factor for an annuity recommendation in California?
Exactly one answer is correct.
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Correct answer to question 6022
- A: Whether the consumer may need Medi-Cal
Explanation
The list includes reverse mortgage status and intent to apply for means-tested benefits, which can affect eligibility.
More questions: Annuities
- 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
- 6029An annuity's death benefit during the accumulation period is typically paid to