click below
click below
Normal Size Small Size show me how
Series 6
Unit 3 QQ3.L Taxation of Variable Contract Products
Question | Answer |
---|---|
Contingent-Deferred Sales Charge/ Back End Load | A commission or sales fee that is charged whn mutual fund shares or varialbe annuity contracts are redeemed. |
Level Sales Charge | This is paid at time of purchase of the annuity, or at the time of each periodic payment. |
Exclusion Ratio | Relationship between random annuity withdrawals and annuitized withdrawals. |