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Series 6

Unit 2 QQ 2I- Withdrawl Plans

QuestionAnswer
Fixed Annuity; Fixed Dollar Annuity; Guaranteed Dollar Annuity An insur contract in which the insur co makes fixed dollar payments to the annuitant for the term of the contract, usually until the annuitant dies. The insurace co guarantees both earnings and prinicpal.
Fixed-Percentage or Fixed-Share Plan Either a fixed number of shares or a fixed percentage of the account is liquidated each period.
Fixed-Time Plan Customers liquidated thier holdings over a fixed period of time.
Created by: ericjrolon