Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know (0)
Remaining cards (0)
Know (0)
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

VA 08/2012

CE 2012

QuestionAnswer
immed annuity pays out typically w/in one month but no longer than one year
deferred annuity accumulate funds for long term. 8-10 yrs or more
accumulation units when a VA owner invests in the contracts subaccts the purchase accum units
how often do insurers revalue accum units in sub accts? daily
how is the valuation of accum units done? assets in acct - fees and expenses/# of outstanding shares example: 1000000 in acct -50k fees and exp/79k outstanding shares = $12.03 per unit
2 approaches insurers use to determine surrender charges account value method and premium deposit method
account value method assess a surrender charge based on some % of the contracts value
premium deposit method calculates surrender charge based on the amount of the invested premium applying a % that usually declines annually over the surrender charge period
c share annuities have no load and no surrender charges these also have M&E lower rates as well
what is the usual free w/d on an annuity 10% of accumulated contract annually, these are usually available after the first contract year
asset allocation is based on what 3 variables? investor's objectives, timeline and risk tolerance
VA asset allocation Options sub accts and automatic asset allocation programs (portfolio Optimization)
life cycle accts these are VA sub accts, ea.of these accts invests in a variet of funds, they make up a diversified assed mix
how do life cycle accts change the gradually grow more conservative as time goes by
portfolio optimization investor selects a specific model that aligns with their investment profile (moderate, conservativ, aggressive, etc) then their premiums are deposited into sub accts that make up that type of model acct
dollar cost averaging acquires securities in a systematic reg purchases instead of a lump sum purchase
annuity purchase rate the amount of monthly income that each $1,000 of an annuity contract’s values will generate upon annuitization
what are the two ways sytematice w/d's can be taken from an annuity? specified dollar amount or specified unit amount
do systematic w/d's get the same tax treatment as annuitization? no, they are treated as all interest until all interest in account is exhausted.
GLB Riders Guaranteed Living Benefits rider,
Created by: delorya
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards